What You Require to Know About CPN

Credit Profile Number (CPN) - What is it? Many individuals who are worried about identity theft may be looking into getting their own credit privacy number (CPN), also called a credit profile number. Before you take this route, there are numerous aspects you will need to consider before you apply for a CPN. In this article, we’re going to tell you what a CPN looks like how it works, and the benefits of using it … What Does a CPN look like? A credit privacy number will have a total of nine-digits - they can be used in place of a Social Security number, depending on the circumstance. Like a Social Security number, an individual can only be given one credit privacy number. How Does a CPN Work? Many individuals do not like using their SSN when they’re applying for a loan. For this reason, you can use a credit profile number in place of your Social Security number when you’re applying for credit. After you have received the number, you will be required to TRI-Merge your information to Experian, Equifax and TransUnion (the three credit bureaus). Once you have merged your personal information to these credit bureaus, you will have a new credit file - in the beginning, this credit profile will have 0 as a score - you will need to build it from the ground up which shouldn’t be too hard. Take note, it is important to realize that obtaining a CPN isn’t going to replace your old or bad credit. You will be able to use the CPN for anything that require credit reporting. For example, you can use it to get auto loans, credit cards, rent an apartment, open a bank account, and to get Utilities. Unfortunately, this number isn’t a substitute for everything. For example, you won’t be able to use it when registering a vehicle, when submitting documents to an employer or to the IRS or when applying for a government loan. If you receive a credit profile number, it is on you to know what you can and cannot use it for. Benefits of Using a CPN Won’t Have to use Your SSN - Your Social Security Number is something that you should keep private and only use when you absolutely have to. If you have a credit profile number, you won’t have to pull out your SSN when you go to apply for a loan - this helps keep your SSN safe and out of harm’s way. Makes it Easier to Separate Finances - When you have a Credit Privacy number, it will be easier to separate finances if there was an identity theft. Since the thief won’t have access to the SSN, they will be limited in the amount of difficulties they are creating for the victim. How to Obtain a CPN If you have decided that you would like a CPN for legal purposes, contact us now, so that we can get you started today! As you’re using the number, keep in mind that the debs you incur are your responsibility. Visit http://www.proventradelines.com

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