What is an updated tradeline? You’re asking for two reasons: First, you keep getting notices about them from your credit monitoring service. Second, you keep searching Google and all you’re coming up with is credit enhancement websites (like our website) where tradeline means something else. We’ll address both, for you, below.
CPNs, or “credit profile numbers,” or “credit privacy numbers,” are illegal. A recent Department of Justice press release read: “Oklahoma City Man Receives 18 Months in Prison for Use of Credit Profile Numbers.”
Are there tradelines for credit repair? If so, who has them? Well, we need to unpack this term and separate it into two sperate concepts. We will explain both, below. We’ll also show you how to repair your credit and add tradelines, correctly.
No. You can’t use an individual tax identification number (or “ITIN”) to build credit and credit scores to get loans instead of your social security number. Don’t get me wrong, I admire creativeness. But, the line is drawn.
The concept of credit hacking is popular, but there are two versions: Illegitimate and legitimate. We discuss each below and recommend that you stay away from the former and focus instead on the latter. For example, adding tradelines is an actual credit hack.