How do you apply for a CPN without going through a credit repair service?
Quick Answer
Apply for a credit privacy number, or CPN, by contacting an attorney or by contacting the Social Security Administration directly, according to Real Estate Talk Boston. A lawyer is able to assist with filing the appropriate paperwork.
Continue ReadingFull Answer
The Social Security Administration grants CPNs to people who want to protect their privacy when filling out documents that require a Social Security number, Real Estate Talk Boston explains. A CPN is beneficial for financial transactions such as applying for a loan or a credit card. Financial institutions and credit-reporting agencies track the numbers in the same fashion as Social Security numbers.
People who qualify get CPNs easily, says Real Estate Talk Boston, but a CPN is not a substitute for Social Security numbers in all cases. The Internal Revenue Service doesn't recognize CPNs; tax forms must include a Social
Security number. Buying a gun also requires a Social Security number.
Watch out for CPN scams. CPNs are free of cost, but fraudulent schemes often ask for payment to secure one, warns Real Estate Talk Boston. Disreputable credit-repair agencies provide you with someone else's Social
Security number instead of a CPN, and when you use it, you're unwittingly committing fraud. Be especially suspicious of businesses that offer a new credit identity; this is legally impossible.
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