A Credit Privacy Number (CPN) is a nine-digit number that is used to guard your credit file from identity theft. Once you apply for a loan or credit card, the lender will look for your Social Security Number (SSN). This way, they verify your identity and credit history. If you are concerned with your privacy, or when you yourself have been the victim of identity theft, you should use a CPN instead of one's SSN. Here, we will discuss CPN and how to get one. Can CPN Be Used Instead Of SSN?
A CPN can be used as opposed to your Social Security Number (SSN). The credit reporting agency assigns it for your requirements, and you need to use it for many credit activities. Your CPN won't show on your credit report. So, it won't affect your credit score. Once you apply for a loan or bank card, the lender will look for your CPN instead of one's SSN. If you're a prey of identity theft, you can use a CPN to prevent the thief from making use of your SSN. When someone opens a new account in your name utilizing your SSN, that account will soon be linked to your CPN as opposed to your SSN. It prevents thieves from damaging your credit history. Is CPN Legal And How To Get It?
Yes, CPN is legal. You need to use it to guard your identity and credit history. You will get a CPN from the credit reporting agency. There's no fee to acquire a CPN , but you might have to cover a tiny charge to add to your credit file. When you have a CPN , you should utilize it for several credit transactions. It can keep your credit file private. A Credit Privacy Number is a great way to guard yourself from identity theft. It is essential to keep in mind a CPN isn't a replacement your SSN. Your CPN should be utilized as well as your SSN, not as a replacement for it.