How it works - by law you do not have to apply for credit with your Social Security Number! Most people do not realize this. The credit bureaus and creditors do not want you to know this. Here is an example, most businesses don’t have Social Security Numbers, yet they have all kinds of credit, loans, corporate credit cards, building loans, etc.
YOU CAN START OVER WITH THIS PART OF YOUR LIFE IN ONE DAY!
Important information as a customer that you need to know...
When buying your new credit file, credit profile number, credit privacy number or SCN, please make sure you have a physical address available you've never used before when applying for credit through your Social Security Number. It is imperative you do this! The reason is that you don't want your SCN getting tied in with your Social Security Number.
This isn't a program were we tell people to defraud their creditors or use E.I.N./T.I.N. to possibly gain new credit by 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.
You can be issued a new SCN that you can use for credit purposes only. This is a nine-digit number that has the exact same genetic makeup of a Social Security Number. This new number can be used to create a completely new credit file for you within the three major credit bureaus enabling you to apply for credit without having all your past credit problems prevent you from getting approved.
This is not a government issued number like an EIN or TIN. Unlike most services, we do not advise you to misrepresent your Social Security Number and YOU are completely responsible for any debts you incur using your new SCN. It is your legal right to keep your Social Security Number private and use a separate number for credit related purposes. You are only required by law to disclose your Social Security Number to the Internal Revenue Service, your employer and most recently due to the Patriot Act, when registering a motor vehicle. You can use the laws to your advantage.
Once this is complete you will have a FICO score of at least 700 or better. Most cases we have between 750-790.
Legality of SCN:
Presently, 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 (View The 1974 Privacy 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 hers Social Security Account Number. What this means is Federal Law protects those who do not wish to disclose their personal information (SS#) except where required to do so. Disclosure of your Social Security Number is only required when dealing with the IRS, your employer, or when applying for a federally insured mortgage. Instead of a Social Security Number, you now have the opportunity to establish a new credit file, credit profile number, credit privacy number or SCN.
SCN INFORMATION:
A Secondary Credit Number is a new 9 digit number established at the credit bureau level for financial reporting purposes. This number is NOT a new Social Security Number and NOT a tax ID or EIN. It is simply an available file number at the credit bureaus that can have financial information reported. You have the right to establish this number only once, so do not abuse it. The bureaus take part in this process to establish your SCN. YOU ARE LIABLE FOR PAYING BACK ANYTHING THAT IS BORROWED. It is used by celebrities, congress members/government workers, and for witness protection reasons. For example, celebrities use it because the media can use their SS# to track what they are buying and where they are simply by tracking their credit cards. Further, in example, congress holds special privileges to the law; therefore, their privacy needs to be protected. In another example, witnesses under protection can be located if they use their true social security number for transaction. This is the reason why there is the existence of this type of program. Reasons are not limited to the previous, so why shouldn't you have a SCN?
Members of Congress plan to reintroduce a bill to restrict the availability and use of Social Security Numbers, hoping the effort will reduce identity theft. A Social Security Subcommittee Chairman by the name of E. Clay Shaw, announced at a July 11 hearing that he and subcommittee ranking member Robert Matsui, plan to unveil legislation to restrict the sale and public display of Social Security Numbers, establish penalties for violations, limit dissemination of numbers by credit reporting agencies, make it more difficult for businesses to deny services if a customer refuses to provide their Social Security Number. The goal is to improve the integrity of the Social Security Number assignment process. "Congress must act this session to protect the very number it requires each of us to obtain and use throughout our lifetime," said Shaw.
Do you really understand how your Social Security Number is used? The Social Security Administration was created during the Great Depression. The Federal Government's intention was to allow Americans to save for our retirement so that we may live in our senior years. Like it or not that was the plan. Over the years, the "Social Security" number, which was intended to identify your retirement accounts, has become a tool for the government and other private organizations to track us in numerous ways. Although, that was not the original intent of a "Social Security Number", it has become an easy way for different organizations to identify us. For example, you are often asked for your SS# for a new bank account, credit union, or when applying for a drivers license. So why do these organizations insist on requiring your social security number to identify you? Because we allow them to!
The sole purpose of your social security Number is for tax and social security use ONLY!
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. When it comes to credit, banking and loans, there are two things you must know. The first relates to the law pertaining to the usage of your social Security Number as an identification tool. The second, 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.
