r/CPN101 • u/hsbsbwnandj • 3h ago
How to use a Cpn
If you don’t have patience & a little money to fund your cpn understand cashing out will not work & this is more than likely not for you !
- [ ] Step 1 - make sure your cpn is built correctly meaning it has over 200 +PRs added, a credit monitoring account to check your credit (credit karma credit sesame transunion etc , & credit score on at-least 2/3 credit bureaus.Applying for just Gauss & getting a score on wallet hub is not enough , more people should realize that… Start 1st by obtaining a secured credit card this will help you the most ! (Capital 1 has the easiest approvals)
- [ ] Step 2 - Understand just because you have a 600+ credit score does not mean you will automatically be approved for a 50k loan !!!!! Your cpn needs a score + History, add some form of back dated rent reporters , back dated rent redi etc like I said the more the better I’m just giving out a few sites that will help.
[ ] Step 3 - Once you have a solid score , background & history now you apply for your targets with a better chance of approval / higher funding limits.
[ ] A few CPN background strategies for better approval odds
[ ] 1 high limit primary Tradeline 10k or higher + 1 low limit AU, 200 +PRs ,credit monitoring account ,rent reporting account
[ ] 1 or 2 high limit AU accounts (authorized users), limit over 5-10k,200 +PRs ,credit monitoring account ,rent reporting account
[ ] 1 or 2 secured Credit cards ( Low Utilization/ On time payments, 1 AU or Primary , 200 +PRs ,credit monitoring account ,rent reporting account
[ ] A couple Cash Out Targets Capital One Funding (credit cards Carmax Turo Rentals Zillow Move-In Approvals Navy Federal Funding (650+ credit score required.