Useful Tips for Applying for Credit on a CPN

We have been so busy lately with all of our clients, and have not had time to post.
Here are some useful tips for CPNs:

When purchasing a vehicle:
Get your approval online with either Road Loans or CarMax first. After that, go into the dealership with your approval package and do NOT let them pull your credit; that was already done. What you do not want to do is go to the dealership where they will pull your credit on your CPN using your DL and merge your two files. There are more tips, tricks and do-nots on this. If you would like to know, ask me!

When applying for a loan at a financial institution:
Do NOT go to a credit union. They use LexisNexis and will pull everything on the number and find out it is a CPN and not an SSN. Do not go to your own bank/branch. They already know you there. If you can, apply online using your CPN as your DL. This is a general rule that you always want to follow, as to not merge your two files.

When applying for Cap One:
There are many on this one, but here are a few-
Do not apply on a computer that has been used before for cap one on another CPN.
Do not apply on a phone that has been used before for cap one on another CPN.
Do not activate using the sticker on the front of the card.
Do not activate using the computer; you will need to call.
You can have up to 5 cards with them. After you get the first one, use it for 3 months and then get either the platinum, journey or quicksilver one for average credit.
Make ALL payments on time and after 5 months receive a limit increase.

When applying for an apartment:
Apply online if possible. If that is not at all possible, BRING your credit report with you so that they do not pull your credit.

When applying for in-store credit:
Ask how they are using your DL #. Do not let them use your CPN and DL on the application.

When applying for utilities:
Do as if it were an over-the-phone application and you should get approved.

When applying for cell phones:
Do so online.

Why are you losing clients? Lack of clients = lack of $$$$

Sometimes you have to give it to your clients as if they were 2 year olds....
I do not say this to be rude, but one must fully and completely explain how a CPN works, what one can and cannot do with a profile, and guide them through from beginning to completion.

Tedious? Yes.
Rewarding? Yes.
This means that your clients now have the correct information to not only build theirs correctly, but pass on the word to their family, friends and co-workers.

I have run into the issue many times where a client will come to me and say that they are losing clients and do not understand why. I ask them a few brief questions and the underlying problem is the lack if information.

Be INFORMED!

How, you ask?
Read my blog, listen to my recorded conference calls, email or call me! I also have e-books, PDFs and other materials regarding credit repair, credit sweeps, CPNs, staying anonymous, the name change, shelf corps, authorized user tradelines, primary tradelines, business credit, personal credit, basic and advanced how-to's and other information which can help you in your credit journey.

Remember that the only stupid question is the one that you do NOT ask!

If you need links to specific blog topics, or the phone numbers to my recorded conference calls, please ask.

We are here to help!

How many CPNs can I have?

How many CPNs can I have?

This is a question I am frequently asked, so I will go into detail about it. You can legally only have 1 CPN. If there is anything wrong with the first CPN, (the actual number itself), we issue a 2nd one at no cost. This does not mean that you can use the first number and max out your cards or misuse it and get another. 1 person can only have 1 CPN.  There are instances in which you can have 1 for business and 1 for personal use. The business CPN can be attached to an LLC or other such entity.

Why can I only have 1?

This should be common sense, but I will answer it anyway. I have too many clients who attempt to obtain multiple CPNs, thinking that I will not remember once a name was already used. (No matter how many CPNs I do, I remember every single name).

Think about it- if a person is purchasing multiple CPNs, it is likely because they are committing one type of fraud or another. What possible reason would one have for utilizing more than 1 CPN otherwise?The purpose of a credit profile number is to responsibly build it up to obtain credit and accounts within reason and pay them back on time. It is legal to purchase and use one, but becomes illegal when utilizing multiple. It is also illegal to incur debt and not repay it. You are legally responsible for all the debt you incur.

We would also like to add this disclaimer, which can be found in each email sent:

This program is not intended to be used as a method of defrauding banks, creditors, or any other organization that requires your social security number as identification. This program is not a method to avoid paying your existing or future debts. If you created the debt, you are responsible to repay that debt. However, we will not support, facilitate, nor condone any fraudulent activity. The information here is informational purposes only and for you to use at your own risk. We are not lawyers or any legal services. We have a non refund policy because of the work needed to give you the info.

What happens if I do not repay my debt?

Let's say that you obtain a Cap One credit card with a $300 credit limit and max out the card in 1 day. That is most definitely not something that we condone, but it can happen when you complete a large purchase. This does mean that on the due date, you will either need to pay the full amount, or the minimum amount due. I do suggest paying the full amount off, as the APR increases the amount you owe in total. 

If a payment is missed or the account remains unpaid, it will then report negatively on your credit report and not only will other creditors see this, but it will effect your credit score also. 

Tips for paying on accounts:

Pay accounts on time
If at all possible, pay off complete balance, and pay off as soon as the debt is incurred
Do not let APR incur
Do not do any cash advances
Pay for CPN accounts using CPN-related accounts

Bottom Line

The bottom line is that you must take care of your CPN. Do not treat this the same way you did your SSN, and the cycle will break and you will obtain financial freedom. Follow our instructions, do not commit fraud, and ask all your questions so that we may assist you in all of your credit endeavours.

nomoredebtcpns@hotmail.com
newcreditcpns.com
347-803-5760