A SCN number can be used in place of your Social Security Number when applying for credit as long as you fully disclose it is a SCN number. All SCN numbers are privately issued numbers. This number does not replace your current Social Security Number and should never be used for government purposes.
Credit bureaus and creditors do not benefit when consumers obtain a new credit file. According to the 1974 privacy Act you are not obligated to give your Social Security Number to private industry, SCN numbers are legal and are to be used for credit purposes only and not for fraudulent intentions.
Obtaining a SCN will not relinquish you from any previous debt. You are still legally responsible for your own debt. All a SCN number is doing for you is giving you a SECOND CHANCE.
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:
“(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. ”
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 Social Security Number 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.
What all this means is Federal Law protects those who do not wish to disclose their personal information (Social Security Number) except when required to do so. All that to say: Instead of a Social Security Number, with the right planning, you now have the opportunity to establish a Secondary Credit Number (SCN), as it is your right to have one.
The numbers that we do provide passes SafeScan, LexisNexis, LTFB, Social Security Number Validator and it is skip traced thoroughly. This is very important because now large banks (like Bank of America, Chase, and Citigroup) and the credit bureaus are catching on to the SCNs and denying everyone who has them because of the past abuse of these numbers. They are being red flagged at the door. Also your trade lines will not stick on a bad number with another person’s name on it.
They are using software like LexisNexis and Microbilt, which had been out for a while but they just started implementing it harder. Your number will not work unless it is a validated SSN in the system and with no name attached to it. Period! Our SCN source have numbers that are issued but not assigned, that is a difference. You could get into serious trouble using someone else’s SSN, as that is considered fraud.
Don’t be fooled by the imitators giving out social security numbers that is already issued to someone else or a deceased person, EIN numbers, or giving you a 9 digit number that cannot be verified or validated... Go to the Contact button up top underneath the Services tab and leave the pertinent information.