How Much Does a CPN Cost and What Are You Paying For?

A Credit Privacy Number (CPN) is a nine-digit numerical identifier marketed as a substitute for a Social Security Number (SSN) for credit-related activities. This identifier is also sometimes called a Credit Protection Number or a Credit Profile Number.

Understanding the Cost of Official Identifiers

Government-issued identifiers, such as an Employer Identification Number (EIN) or an Individual Taxpayer Identification Number (ITIN), are provided without charge by the Internal Revenue Service (IRS). An EIN, a nine-digit number used to identify business entities for tax purposes, is available for free directly from the IRS. Businesses can obtain an EIN by applying online, by faxing Form SS-4, or by mail.

Similarly, an ITIN, a tax processing number issued by the IRS to individuals who need a U.S. taxpayer identification but are not eligible for an SSN, is also free of charge. Applicants typically submit Form W-7 along with a federal income tax return. While the number itself is free, some third-party services may charge fees for assistance with the application process.

Fees Charged by “CPN” Providers

Companies that offer what they describe as “CPNs” typically charge varying fees for these numbers. A CPN is a nine-digit number formatted to resemble a Social Security Number, often promoted to establish a new credit identity or mask a negative credit history. These identifiers are not issued by any official government agency and lack the legal standing of an SSN or EIN.

The costs for “CPN” services can include upfront creation fees, bundled services, or expedited processing. While specific price ranges vary widely and are often not disclosed, these services involve significant monetary outlays. The numbers provided are not officially recognized and are not a legitimate substitute for government identification. Using such numbers on credit applications can be considered misrepresentation.

Costs Related to Credit Building and Business Establishment

Individuals and businesses pursuing legitimate financial goals may incur various costs associated with establishing credit or formalizing a business structure. For instance, forming a Limited Liability Company (LLC) typically involves state filing fees that range from approximately $35 to $500, with an average upfront cost of around $132. Beyond the initial formation, many states require ongoing annual or biennial report fees, which can range from $10 to $800, and some states impose franchise taxes.

For those seeking to improve personal credit, professional credit counseling services are available. Many non-profit credit counseling agencies offer an initial consultation at no charge. If a debt management plan is recommended and pursued, consumers might face a setup fee, typically ranging from $0 to $75, along with monthly maintenance fees, which commonly fall between $25 and $50, though they are capped nationwide at $79.

Secured credit cards represent another avenue for credit building, particularly for individuals with limited or damaged credit histories. These cards generally require a refundable security deposit, which often dictates the credit limit and typically ranges from $200 to $2,000. Many secured credit cards do not charge an annual fee, while others may have a modest annual fee, often in the range of $25 to $29. Businesses looking to establish their own credit profile, separate from personal credit, can explore business credit building programs. These programs can involve varying costs, sometimes structured as monthly payments, such as $497 per month for several months, or a combination of upfront and ongoing fees, depending on the services and support provided.