One is giving false information on your application. Period.įirst, neither federal nor state governments recognize or identify a CPN, meaning they are illegal when used to complete a credit application.īy using a CPN in place of an SSN in your credit or loan application, you’re committing two federal crimes. There is absolutely no good, legal reason for you to buy a CPN number. So if you’re offered these, know that they’re all the same thing. Others might also refer to a CPN as a credit protection number or consumer profile number. Meaning, you’re using the SSN of another person and not a new CPN assigned to you.

CPNs being sold are dormant Social Security Numbers stolen from people who don’t use them, such as children or inmates. CPNs are not a viable long-term solution for repairing bad credit and in fact, acquiring one from anywhere other than the SSA is not even legal. If you were to get a new CPN, it would still be tied to your old SSN.ĬPNs are commonly marketed by companies as a fresh new number to hide a bad credit score from banks or financial institutions. While it is possible to legally apply for a new CPN with the Social Security Administration Office (SSA), you need a very good reason to be approved, and a bad credit score isn’t one of them. What is a CPN?Ī CPN, or credit privacy number, is a nine-digit number that can be used in place of your Social Security Number when applying for loans or credit cards. In this article, we’ll look at what a CPN is, how it works, and why you should avoid it at all costs. That sounds too good to be true, right? That’s because it is! It promises that you can still apply for a loan or credit card despite having a poor financial history. But, what is a CPN number, exactly?Ī CPN is often marketed as a fresh start to circumvent the negative consequences of a low credit score and to help you as you apply for credit. If you or someone you know has bad credit, you’ve most likely already heard of a credit privacy number (CPN).

What is cpn nurse