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