Some sellers promise a “CPN” (credit privacy number) or a “new credit file” as a way to get approved for an apartment. It is not a legitimate solution.
What a CPN really is
A CPN is usually a nine-digit number sold as a replacement for your Social Security number. Using it on a rental, credit or loan application in place of your own number is misrepresentation. The FTC warns that these numbers are often stolen Social Security numbers, sometimes belonging to children.
The risks
- Denial when the number does not match your identity
- Lease termination or eviction if it is discovered later
- Loss of the money you paid for the number
- Possible legal consequences for providing false information
Legitimate options to ask about
- A qualified co-signer or guarantor
- A rent guarantor company the property accepts
- An additional security deposit
- Second-chance or income-based housing programs
- Time to improve the specific issue that caused the denial
RoseFAS only uses truthful information and legitimate options. See guarantor and qualification options in the Housing Center.