CPN

What is CPN?

CPN stands for Credit Profile Number, also known as Credit Privacy Number, and is a nine-digit personal identification number. It is designed to help individuals protect their financial identity, guard against identity theft and build positive credit history.

How CPN Works

CPN allows individuals to separate personal information from their credit transactions. The CPN acts as a substitute for a Social Security Number and provides individuals with a number that can be used to establish credit without using their Social Security Number.

Benefits of CPN

Using a CPN can provide various benefits, such as:

  • Protecting your financial identity
  • Guarding against identity theft
  • Building positive credit history
  • Establishing credit without using your Social Security Number
  • Providing an additional layer of security when making online purchases

How to Get a CPN

CPN numbers can be obtained from third-party companies that specialize in providing CPN services. These companies will typically require you to provide proof of identity and a valid credit or debit card to obtain a CPN.

When to Use a CPN

CPN numbers should only be used when absolutely necessary and when the individual is confident that the company they are dealing with is legitimate. CPN numbers should never be used to commit fraud or to hide from creditors.

Conclusion

CPN numbers can be a useful tool for individuals looking to protect their financial identity and build positive credit history, but it is important to use them responsibly. It is also important to remember that CPN numbers do not replace Social Security Numbers, and should only be used when absolutely necessary.

Resources