CPN Vs. PCN
CPN which stands for Credit Privacy Number has become popular recently. Yet, there is a lot of controversy surrounding it. There's arguements that suggest that they are illegal and legal. Nevertheless, people with less than perfect credit are flocking to it.As Loan Officers, we can affirm that although CPNs may not be illegal to obtain, applying for a mortgage or anything similar with them, is illegal. On the other hand, PCNs (Personal Corporation Numbers) are 100% legal in every way. From obtaining a PCN, to applying for mortgages, bank accounts, car loans, and just about any other business credit.
Our training staff has done a lot of research on both of these forms of creating new credit, especially when it comes to mortgages. We have also developed a series of training programs on how to assist borrowers obtain, establish and use PCNs to successfully obtain a mortgage.
Credit Repair is completely different than credit establishment. Therefore, it is important to understand how CPNs (Credit Privacy Numbers) and PCNs (Personal Corporation Numbers) work. Regardless of what niche market you work in as a Loan Officer, understanding these new trends in credit is a must.
There are a number of services online that helps consumers to establish CPNs. However, there are only a few for PCNs. Here's one of the links that we have found:
Get a New PCN Personal Corporation Number here.