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Info Can you increase your credit by using PayPal?

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Jerry80

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I currently have PayPal and a paypal prepaid card. Could I potentially increase my credit score when using them on shopping sites and paying bills? I want to build my credit score, but am unsure I want to get a credit card.
 

Tonya

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I currently have PayPal and a paypal prepaid card. Could I potentially increase my credit score when using them on shopping sites and paying bills? I want to build my credit score, but am unsure I want to get a credit card.

I don't believe PayPal works towards your credit. You can get a PayPal credit card, which will account for your credit score. But since PayPal doesn't report to any financial institutions, it won't build your credit.
 

Charley

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I currently have PayPal and a paypal prepaid card. Could I potentially increase my credit score when using them on shopping sites and paying bills? I want to build my credit score, but am unsure I want to get a credit card.
Not really. PayPal will have no effect on your credit score. Since they don't work with any specific credit reference facilities.
 

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