Learn to use this powerful tool to protect your finances and grow your business!
What is a CPN?
The CPN is a nine-digit identification number that looks like a social security number (SSN) and may be used instead of an SSN for obtaining credit.
According to the Privacy Act of 1974, one has the legal right to keep his/her SSN private. In certain circumstances, consumers are legally required to disclose their SSN to the Internal Revenue Service and employers when registering a motor vehicle, buying a firearm, or applying for a federally insured loan. In other circumstances, federal law allows consumers to use a separate identification number legally, hence the opportunity to establish a CPN for a credit file.
CPNs are commonly used by celebrities, members of Congress, and witnesses protected by the federal government to help protect their privacy and security. And people like you and me.
