As quoted from the FBI website:
. “Credit Privacy Numbers (CPNs) are nine-digit file numbers that follow the same algorithm as Social Security Account Numbers (SSANs). Currently, federal law allows individuals to legally use CPNs for financial reporting and protects those individuals who do not wish to disclose their SSAN [Social Security Account Number]. Individuals who acquire CPNs are completely responsible for any debt they incur using this number.”
Credit Bureaus are private companies and are not affiliated with the government in any way whatsoever. Although, the credit bureaus would like you to think otherwise.
Q. Is this legal?
A. Due to certain rights guaranteed by the 1974 US Privacy Act Title V (View The 1974 Privacy Act
), federal law allows the ability for someone to legally use a private ID # for financial reporting purposes instead of a Social Security Number. Title 5, Section 7 of Publication Law 93-579 of Government Organization and Employees Act:
…(a) (1) It shall be unlawful for any Federal, State or Local Government Agency to deny any individual any right, benefit, or privilege provided by law because of such individual’s refusal to disclose his or her’s Social Security Account Number.
The law states that No federal, state, or local government agency may deny you any right, privilege or benefit due to your refusal to provide your SS # for any other reason than producing money for retirement account with the Social Security Administration, the IRS and your employer today.Credit Bureaus are not legally allowed to “require” your Social Security Number. In our country’s present credit reporting system a person may be assumed guilty and then must expend a great deal of time and resources to prove his or her innocence. Additionally, once a negative item is in a credit file it may remain long past the 7 year time period most people believe is used. Additionally, a misreported item can show up in a credit report multiple times.
Credit bureaus are private companies and are not affiliated with the government in any way, whatsoever. Although, the credit bureaus would like you to think otherwise.
Credit card applications are not supposed to ask for your “private” social security number for any of their products. Social Security Numbers issued by the Social Security Administration are only supposed to be used for benefits related to the Social Security Administration, period. The banks have swayed people to use their SS# to establish credit accounts. CPN numbers are legitimate. As stated below Title 5, Section 7 of Publication Law 93–579 of Government Organization and Employee Act: (a)(1) It shall be unlawful for any Federal, State or Local Government Agency to deny any individual any right, benefit, or privilege provided by law because of such individual’s refusal to disclose his or her Social Security Account Number. . Credit cards issued by banks deal with “real money” issued by the Treasury Department, thus the unsecured “loans” Americans inherit when using credit cards are essentially federally insured funds being borrowed. Credit cards are not issued by tax payers or insured by angel investors. They are a products issued by FDIC protected banks. To require that a citizen provide his Social Security Administration to gain access to Federal dollars referred to as credit cards is a violation of Title 5, Section 7 of Publication Law 93–579 of Government Organization and Employees Act.