CPN? A One-Way Ticket to Jail!

What is CPN?

A CPN (Credit Privacy Number), is a nine-digit number just like a Social Security Number. It was a byproduct of the Privacy Act of 1974, where you could not be forced to provide your social security number unless it was required by law.

CPNs are not illegal, HOWEVER, using them for credit purposes is.

How are they created?

They are stolen social security numbers belonging to children, inmates, and deceased people. They also use a computer-based algorithm also known as SIF (Synthetic Identity Fraud) that creates random 9-digit numbers in a social security number format, then use a system to validate it to ensure that it would pass as a social security number. Using someone else’s Social Security number to get credit in your name is also a federal crime.

Any company selling CPNs, no matter how legit they seem are SCAMMERS.

Why is using CPNs illegal?

I’m glad you asked because I don’t want you to end up behind bars when you can legally repair your credit.

According to the FTC (Federal Trade Commission), lying and misrepresenting your social security number are FEDERAL Crimes. When a company/someone sells you a CPN (SSNs are issued for free), they also tell (strongly advise) you to provide other false information such as addresses, phone numbers, and sometimes names when you fill out applications with the CPNs. In other words, they advise you to create a fake identity. We all know identify theft is a FEDERAL CRIME.

Identity Theft- a Federal Crime that carries a maximum penalty of 15 years in prison, forfeiture of any property used to commit the crime, and fines. You can also be charged at state level.

Is buying CPNs worth it?

No, it is not! You will end up in jail. Check the links below from Justice.gov and SSA.gov

Identity Theft: https://www.justice.gov/criminal-fraud/identity-theft/identity-theft-and-identity-fraud

People arrested for Involvement in ID Theft Scheme That Used Stolen SSNs/CPNs: https://search.ssa.gov/search?affiliate=oig.ssa.gov&sort_by=&query=CPN

Whewww! Now that's out the way!

How can you build/rebuild/repair your Credit WITHOUT a CPN?

• Piggyback off someone (Authorized User)

• Get a secured credit card- (Be careful of secured credit cards with high fees)

• Use self-lender- (No hard pull on your credit; reports it to the credit bureaus like you’ve obtained a loan from them; works like a savings account. You make payments each month in which they give you back at the end of your agreement (12-15 months)). Use this link

• Get a store card- (Higher interest rates, but they help you with the mixed of credit)

I say get a store card that you usually go to a lot- a Target, Walmart, etc.…

Then within 3 to 6 months, you should see a huge difference in your scores!

Building/Rebuilding/Repairing your credit is not an overnight process. It takes patience, dedication, and discipline. But it is worth it, and you will see the positive effects that it has in your life.

Start your journey with our DIY Credit Repair Kit, you will thank your future self for starting today!

If you do not have the time or want a team of professional to repair your credit, we are here to help at BYB Credit Consultants! Schedule a free Credit Consultation/Audit

Credit Consultation/Audit

Book Now