Summary: A CPN is a credit privacy number — a nine-digit number designed to replace your Social Security number with a fresh credit history. But this is a scam, and it’s illegal. SoloSuit can help you resolve your debts so you can start rebuilding your credit the legal way.
It sounds too good to be true. A credit privacy number, or CPN, is often marketed with the promise of a clean credit history.
Don’t be fooled.
The Federal Trade Commission (FTC) has already labeled CPN offers as scams. Sure, a new credit identity sounds promising, but you could unwittingly find yourself enmeshed in an identity theft operation.
Here’s what you need to know about CPN numbers.
How a credit privacy number works
If you have bad credit, you may have received offers for a CPN. A CPN is a nine-digit number comparable to a Social Security number (SSN).
Scam artists commonly present a CPN as a way to secure a fresh credit history. But this promise may come with the expectation that you change your driver’s license, phone number, and email address — all of which are warning signs of a scam.
A CPN is not given the same legal or official status as your Social Security number. No government or private entity will allow you to disguise your credit history by using a CPN, and an attempt to do so may expose you to fraud allegations.
Is a CPN legal?
Using a CPN in place of your SSN is illegal. That’s partly because the number itself may have been acquired through illegal means. For instance, some CPNs are just someone else’s Social Security number, such as one taken from a child with no credit history.
When you use a CPN, you could be complicit in identity theft, whether you realize it or not. And if you use a CPN on a form that requests your SSN, you could end up in jail.
So a CPN isn’t just a bad idea. It’s illegal.
How to spot a CPN scam
It seems like a CPN scam should be relatively easy to spot. However, scam artists are not always forthright with what they’re promising. Look for these warning signs of a CPN scam:
Promises of a “clean credit history.”
Claims that an Employer Identification Number can replace your SSN.
Requests to change your address, phone number, or other info.
Avoid these scams at all costs. You could find yourself wrapped up in an identity theft scam or even commit your own acts of fraud.
Improve your credit score the legal way
Unfortunately, there’s no such thing as a fresh credit history, at least not in the way that scammers offer. However, you can take steps to improve your credit history so that you don’t have to hide your true identity.
Improve your credit history by:
Committing to paying your bills on time each month.
Keeping your credit card balances below 30% of your limit.
Checking your credit report regularly and reporting any errors.
Applying for credit only when you absolutely need it.
These methods take time, but the sooner you get started, the sooner you can reclaim control of your financial future.
If you’re facing debt collectors, watch this video to find out how to respond:
Settle debt without a CPN
If you’re struggling with bad credit, your first step might be to resolve some of your outstanding debt. SoloSuit can help, thanks to SoloSettle. With this tool, you can respond to creditors quickly and easily.
SoloSettle helps you settle debt in several ways:
Helps you settle the debt without a debt relief company.
Provides a built-in legal defense.
Requires no payments until you reach a debt settlement agreement.
Requires no minimum debt amount.
Keeps you updated throughout the debt settlement process.
Yes, your credit score may still take a hit. That’s unavoidable, but with SoloSettle, you can begin the process of repairing your credit.
Example: Sonia has been struggling with debt for a while now. She wants to buy a new car but knows her credit history will prevent her from securing the best loan options. An offer comes in the mail, offering a “fresh credit history.” But Sonia realizes that this offer is a clear CPN scam. Instead, she uses the services of SoloSettle. She negotiates a debt settlement and a payment plan that fits her goals and her budget. While her credit score drops temporarily, she resolves her debts and gets back on track. Her credit score improves over time, allowing her to qualify for better interest rates.
Respond to a debt lawsuit
SoloSuit will help if you’ve been hit with a lawsuit. Using SoloSuit, you can prepare your legal Answer to assert your defense. One of SoloSuit’s attorneys can review your Answer, or we can send it to your creditor and the court. You may have as little as 15 days, so start today.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
And 50% of our customers' cases have been dismissed in the past.
"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather