Received an email from someone telling me that they can help me establish new credit using SCN.
What is a SCN?
They said it was legal and I am wondering why I have not heard of it before.
Why can these people get one and I can not if they are legal?
Why do I have to pay them $700 for a number?
I am just curious what you know about this.
Thanks for your help!!!
SCN is an acronym for a made up term, typically – Secondary Credit Number. The number is made up as well.
It might be legal to sell you an SCN but it would be illegal for you to use it to hide your real credit history and most certainly to apply for credit.
If you have filed for bankruptcy, you may be the target of a credit repair scheme called file segregation, SCN or Secondary Credit Number, or CPN or Credit Profile Number. In this scheme, you are promised a chance to hide unfavorable credit information by establishing a new credit identity. That may sound perfect, especially if you’re afraid that you won’t get any credit as long as bankruptcy appears on your credit record.
The problem: It is illegal. If you use it, you could face fines or even a prison sentence. – Source
Not that long ago I had a chat with Capital One about SCNs and they said they report all known uses of SCNs to the authorities as fraud.
I’m always amazed that people would fall for the sales pitch to try to hide their past bad credit when it is just so super easy to fix bad credit legitimately. See The Get Out of Debt Guy Free and Easy Credit Repair Guide.
Don’t be a victim. Please help me protect other from this and upload the email to me here. Let’s stop them before they harm others.
Here are some other articles that will interest you as well.
- SCN, CPN, File Segregation and Other Tricks to Hide Bad Credit Are Illegal
- CPN – Credit Profile Number / Credit Privacy Number – Craigslist Scam to Watch Out For
Please post your responses and follow-up messages to me on this in the comments section below.What is a SCN and Can I Really Legally Use it to Get New Credit? - Denise by Steve Rhode