Credit 911 Asks: Can CPN Numbers Replace Your Social Security Number?
|It seems that lately there has been a resurgence in interest with regards to CPN (Credit Privacy Number) numbers, how you get them and whether you can use them to replace your social security number.We felt that this article written by Global Software & Computer Solutions Centers, Inc. summed up the facts quite nicely.|
The short short explanation is that CPN numbers are not real, you are being lied to, and they are not legal to use in the way that someone paying thousands of dollars for one would like to use them.
For the full explanation, read on:
This week, we will be talking about the Myths of CPN Numbers, more commonly referred to as credit privacy identification numbers! Many people like yourselves, read on the Internet about CPN Numbers, more commonly called by so called credit experts, (Credit Privacy Numbers) which is totally incorrect. The fact is that CPN Numbers are merely a myth that needs further explanation, and to which needs to be exposed for what they really truly are. The Myths of CPN numbers, and the amount of money that they take from unsuspecting customers every day by fraudulent Internet businesses is astounding. This article is meant to be a teacher and a guide to helping clients of ours, and other persons like yourselves from being ripped off by those fraudulent Internet businesses that try to sell you a CPN Number or creditprivacy number. This article is written to expose the truth behind the Myths Of CPN Numbers. If you want to get the right kind of help for repairing your personal credit, see our personal credit repair page at: http://www.gscsc.net/personal-credit-repair.htm [WE LEFT THE LINKS FOR OUR READERS, IT’S ONLY FAIR] and view our information there. The only way to truly build a second credit profile is when you incorporate a new or existing business. To learn more about this, visit: http://www.gscsc.net/business-credit.html and also visit: http://www.gscsc.net/affiliate-programs.htm for further information.
|Since we started providing personal credit and corporate business credit solutions to clients nation wide, we discovered that there are many Internet based credit repair companies out there selling CPN Numbers. A CPN number before they were outlawed in the United States of America was a nine digit identification number that was used to build a new personal credit profile for clients that really messed up their personal credit, and made it so that they could not be granted credit by potential lenders. Many Internet businesses and fraudulent credit repair companies started popping up to take clients money by providing these so called CPN numbers to their clients to build a new clean credit profile.||
At one point in time, this was a major loophole that could be used to quickly build personal credit, and many people were doing so, including real estate brokers and attorneys! With so many irresponsible people taking full advantage of this personal credit repair scheme, the sale of CPN numbers began to explode in the personal credit industry. Unfortunately, the misuse of the CPN numbers and the re-established personal credit profiles also exploded. In addition to this, many people were issued credit cards, and other various forms of creditbased on the fraudulent information that they supplied to potential lenders. Based on this information and the current laws, banking institutions, private lenders, the mortgage industry, and auto finance industry and the credit industry are now paying for this in a huge way.
|These fraudulent credit repair companies would charge anywhere from $1,000.00 to $3,500.00 for these CPN numbers, and would place authorized user credit card accounts on the blank segregated credit file created using the CPN number. A majority of fraudulentcredit repair companies out there are now charging $250.00 to $500.00 for CPN numbers, and some are charging $100.00 for them as well. No matter what the price is, you are being taken advantage of by these fraudulent service providers. Most of the CPN numbers that they issue do not cost them a single dime.|
The only real truth that these fraudulent credit repair companies will tell you is that the CPN numbers are issued at the federal government level, but they will then be dishonest by telling you that they have to pay for them. The myths of CPN Numbers is just that, a myth. CPN number usage was deemed illegal by the government, and will get you put in jail with a very stiff fine if you are caught with a CPN number. You can find detailed information about this at the Federal Trade Commission website. This is what happens when you buy a CPN Number:
1. You pay your fees for the CPN Number, and receive a nine digit number that appears to fall in the range and similar style of a true SSN number. Some are, but WATCH OUT! You just might have a social security number that belonged to someone who passed away!
2. Once received, you are instructed to change your name, address, telephone number, drivers license, and other personal information about yourself, and use the CPN number and altered information to fool the credit bureau computer systems into creating a new blank file, after an entity search is done, and no match is found on the data entered into thecredit bureau’s computer system. Names, addresses, phone numbers, and the CPN number are all searched in the databases of the credit bureau, and when there is no match on the data, the system automatically creates a new credit file.
3. You are then instructed to open a small jewelry store account with a local store owner. Upon doing so, a new blank file is created in the credit bureau computer systems andcredit can be built on the file. Once again, this is illegal, because you are fraudulently altering your data to get a new credit file created in the credit bureau computer systems. When you use the CPN number that was issued on an application for credit purposes, you are falsifying data, and that is a federal crime, and you will pay for it. Simply by providing false information, such as an altered name, address, city or state, telephone number or providing an altered license, and using the CPN number issued to you, you are commiting a crime.
4. After this, you are taught to build small amounts of credit on the newly created personalcredit file. In doing so, you have a clean credit file and a credit score built, which is basically a new fraudulent credit file and fraudulent credit score not showing your previouscredit history to potential creditors. You are breaking the law by using, accessing, or manipulating your personal data with the use of a CPN number to gain credit that you would not otherwise be qualified for, based on your existing credit history. The only way to truly repair your credit is to pay your bills on time, and negotiate settlements with your creditors. Time is the best way to resolve credit issues. Be responsible with your personal and business credit!
The CPN Number that is issued by these fraudulent credit repair companies is usually a TIN, or EIN (Tax Identification Number) or (Employer Identification Number), or it may in fact be, if you do a little Internet research, a D-U-N-S credit file number, an altered SSN number, or an SSN number taken directly from the death file of the SSA. Altered SSN numbers usually have the group ID portion of the SSN modified to allow it to be used as a so called CPN number, again another fraudulent method of creating and charging unsuspecting clients for CPN numbers for the purposes of fraudulent personal credit repair. In any case, the only number that the fraudulent Internet business has to pay for is the D-U-N-S credit file number. The other numbers are free to obtain, and this also includes the SSN numbers pulled from the death file of the Social Security Administration. Most unsuspecting clients pay the fees to these fraudulent Internet based credit repair companies, and are ripped off right from the start. You don’t realize what you’ve been charged for, and you also do not realize that the authorized credit card accounts that you’ve also purchased may in fact carry their own credit problems as well. You may take the fall for someone else when you may not be responsible for that person’s account, and put yourself at high risk for possiblepayment for something that you never had access to in the first place. In addition to this, by providing your personal information to these fraudulent credit repair companies, you are putting yourself at high risk for identity theft, and this could cost you everything! Simply stated, just don’t fall into this trap.
In addition to this, many of these fraudulent credit repair companies are also offering and selling seasoned primary user accounts to unsuspecting clients. Do not buy these either, as they may also impact your personal credit scores dramatically since these primary user accounts may also carry their own potential risks. The way in which these seasoned primary user accounts are made primary user accounts is very simple. You buy the primary user accounts from these fraudulent credit repair companies , just before they are to be closed out, or when a payyoff is about to occur. Your name is added to the primary user accounts, and the primary user is removed. Once this happens, you are left as the primary holder, but WATCH OUT, there may be serious repercussions associated with those primary user accounts, such as late payment history, default, or something similar since you are assuming all the responsibility for the primary user accounts and their usage. This also applies to joint user accounts as well. If you do buy these primary user accounts, or the joint user accounts from anyone on the Internet, be absolutely certain to ask the seller to provide you with the credit cards, all statements, and any historical records associated with the accounts. If the seller won’t provide these items to you, do not buy the accounts. The seller will usually not grant these items to you because their primary user accounts, and joint user accounts most likely have severe credit risks associated with them, or they are flat out fraudulent. Be wise and don’t let the seller persuade you to take the accounts unless they provide you with the items listed here.
|There is only one type of CPN Number that is legal to obtain and use, and this is the Corporate Protection Number that a corporation or LLC can obtain for minimal cost. This CPN Number cannot be used to repair your personal credit. It is designed for use with corporations and LLC’s only. We started to investigate the myths of CPN Numbers, and were we ever shocked at what we discovered! We had been taken for about $2,500.00 from a company for a new CPN Number, and tradeline credit. After about nine months of waiting with no results, and many excuses, including this one: Don’t pull the credit reports until we give you the OK to do so, we finally ran the CPN number through an SSN number verification system on the Internet, and found that the number was a social security number that belonged to a person that passed away in 1978. Had we used that number, we would have been using it fraudulently without truly knowing this.|
Be extremely careful when you are dealing with these fraudulent credit repair companies. Don’t buy CPN numbers at all. We actually became a reseller of CPN numbers, and had helped a few clients with them, but once we found out what they really were, we discontinued selling them altogether. We merely want you to know the truth behind the myths of CPN numbers. There are still many fraudulent companies out there such as New Credit Solutions Corporation and its owner Christian Verzi, Taylor Street Credit, Real-Tradelines, and a host of many others that you just do not want to do business with at all. We could put together a very comprehensive list of companies, but they come and go frequently. Do not buy CPN numbers or seasoned tradelines or primary user accounts or joint user accounts nor fraudulent trade references for businesses. You will find yourself in more trouble by using these fraudulent credit repair and credit building strategies and schemes than you could ever imagine. Be wise, and don’t let these companies or individuals fool you!
We eventually forced the company to refund the money we gave them, reported them for Internet fraud, and decided that people should know not to purchase these CPN numbers from any website on the Internet. Doing so will put you at high risk, and at the hands of fraudulent business owners, and their credit repair schemes. The myths of CPN numbers and the truths are finally exposed. You can also find other information regarding file segregation on the FTC website. File segregation or the use of CPN numbers is illegal, and eventually you will get caught with one of these CPN numbers. Personal credit repair can be done, and you yourself can do this on your own. The process is not easy, but you can do it if you know how. To avoid the many mistakes that most people run into or make with the credit bureaus, you can have our company do this work for you and do it the legal way. we want our existing clients and our potential new clients to know the truth. The myths of CPN numbers are myths only, and you do not want to buy these CPN numbers and the troubles that come with them. In fact, many of these companies also try to sell business tradelines, or trade references for corporate credit building purposes. Once again, do not buy these for any reason, as this is also illegal, and once you’ve been flagged as a high risk business through D&B, your chances of obtaining corporate business credit are most likely damaged permanently. Don’t make the same mistakes that we have made, be extremely careful, and don’t fall for those illegal credit repair schemes. They just don’t work. Also be very careful about protecting your business, your corporate credit profile, and your corporate credit history. We will cover this subject in an upcoming article. If you have any questions regarding the myths of CPN numbers, or credit repair, or if you need to obtain a proper and legal CPN number for use with a new or existing business.
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