CPN Scams Exposed!

What do you get when you mix an audience who wants fast results and has little knowledge of how an industry works… with a bunch of unethical, immoral, and unscrupulous con artists looking to get rich quick?
You get CPN numbers.
CPN numbers, or Credit Privacy Numbers, are 9 digit numbers that are illegal to use in place of your social security number on credit applications.
They’re often sold for several thousand dollars.
In most cases, the CPN number is just a Employer Identification Number (EIN) that businesses use for reporting taxes. You can apply for one yourself with IRS form SS-4.More advanced con artists will sell validated CPN’s.

This simply means they have software that checks the validity of a social security number in much the same way a merchant can tell if your credit card number is valid.

They are only validating the number, not your name and number together.

There are cases when it’s legal to set up a new credit file.  For instance, celebrities and politicians use them legally to hide their true identities during real estate transactions to keep the media and stalkers from knowing where they live.

Unless you’re a celebrity, or running for congress, don’t do it. Lying on a credit application is credit fraud.

The Credit Repair Organizations Act states, “No person may make any statement… to alter the consumer’s identification… for the purpose of concealing adverse information that is accurate and not obsolete.”

I doubt SWAT will come crashing through your windows just for buying a CPN number, but you’re breaking the law the moment you put it on a credit application.

Lenders are entitled to know your true credit history. Try and fool them at your own risk.

What we do at HowtoFixMyCredit is the fastest way to get permanent results without breaking the law.

The biggest complaint I get is we delete too much too fast.

We resolve that problem by coaching you on how to build your credit score in just a few months using our proprietary “Advanced Credit Modeling” process.

Schedule a free credit audit today and find out what’s holding your score down, how to improve it, and what it might cost if you want us to handle it for you:


About The Author

Brian Diez

Brian Diez is a nationally recognized credit expert. He has been quoted in the Wall Street Journal, Yahoo Finance, Dow Jones' Market Watch and Credit.com.