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New
Credit FAQ
Frequently Asked Questions For a Secondary Credit
Number
Q. What is a Secondary Credit Number (SCN)?
A. Secondary credit number is separate from your social security number
used to protect your Social Security number from Identity theft.
Q. Where does the number come from?
A. An independent third party.
Q. How long does it take to receive the number?
A. Typically it takes 24hrs, but no longer than 48hrs.
Q. What’s the cost for a SCN?
A. Please see our Payment Plan Options link!
Q. Is this legal? (all over the internet you can find
sites that say Yes).
A. You can use the existing laws to your advantage for a change. Due
to certain rights guaranteed by the 1974 US Privacy Act Title V (View
The 1974 Privacy Act), you have the right to keep your Social Security
Number private and not be denied service due to your refusal. The credit
bureaus are not government agencies, so you do not have to give them
your Social Security Number. To answer the question, YES if used properly.
Thousands of people have done it over the past 30yrs and continue to
do so.
Q. Am I responsible for the debts on my old report?
A. Yes! We suggest not to use the SCN as a way to avoid any debt (defraud
creditors) under your Social Security Number or E.I.N. You are responsible
for all debts on your old report and debts incurred with your Credit
Profile Number. You must remember that while you are rebuilding your
credit, you must use your new SCN wisely. If you have had troubled
credit in the past, don’t repeat your mistakes.
Q. Does SCN come from people that are deceased or incarcerated?
A. No...definitely not! Our SCN are clean numbers that aren't attached
to anybody including the deceased, the incarcerated, and S.S.N.
Q. Is this file segregation?
A. No, definitely not! FILE SEGREGATION IS ILLEGAL!!! This isn't a
program where we tell people to defraud their creditors or use E.I.N./T.I.N.
to possibly gain new credit after filing bankruptcy. We encourage
people to pay off their old debt. We educate our customers how to
use their SCN wisely so that they don't make the same mistakes over
again.
Q. Can you purchase more than one SCN?
A. No.
Q. When filling out an application for example ( a department
store ), would I put the SCN in place of the S.S.N.?
A. Yes. Also, be sure to use the information you provided us with.
Q. Can you use the SCN Number to refinance on a mortgage?
A. No. Due to the loan being in your Social Security Number or EIN,
it would have to be refinanced the same way.
Q. Can I use the SCN to rent an apartment?
A. Yes. We suggest establishing some credit before doing so. Reason
being, most landlords want to see some kind of credit history to
determine if you are a high risk or not.
Q. What will my new FICO Score be?
A. Your credit profile will be blank. You will need to reestablish
your credit by applying for credit cards and other lines of credit.
Please see our Establishing Credit link for further information.
Q. What can I use my new SCN Number for?
A. As mentioned earlier, you can use your new SCN Number for anything
that would normally require credit reporting purposes. Use it to
receive credit cards, car loans, a mortgage, personal loans, etc.
Q. What are some of places you suggest we apply for credit
using our CPN?
A. 1. Orchard Bank www.orchardbank.com
2. LPC www.lowpaycard.com
3. First Premier www.firstpremier.com
4. Capital One www.capitalone.com
5. Apex www.apexcreditservices.com
*You can also do a www.google.com search for unsecured/secured credit
cards.*
Q. Can I use the SCN Number to open a bank account?
A. Yes, so as long as you never bounce a check or misuse the account
in any way.
Q. How soon can I run my new credit?
A. As soon as the SCN is received (24-48 hours).
Q. How soon can I apply for Credit?
A. As soon as the SCN is received (24-48 hours).
Q. How can I be guaranteed this will work?
A. We've been in business for years now and helped
numerous people reach their goal of starting all over with their credit.
We can also provide physical proof of tri-merge credit reports.
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