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If I add a certain amount of money to my account and hold my bank account/Visa debit card on file, will this help with my credit score?

Will this show up on my credit report?

What if I have the money market option?

5 Thoughts on Can you make your credit score higher with a Paypal account?
  1. Reply
    Jenny K
    August 29, 2011 at 9:54 am

    it will help your score by helping pay your bills on time… late bills drop yer score.

  2. Reply
    Mike K
    August 29, 2011 at 10:10 am

    I think it could help. Pay pal could show up as opening up a bank account. I am not sure about paypal but i do know the more bank accounts you open with more banks the better it is for your credit score.

  3. Reply
    Summer Rain
    August 29, 2011 at 10:54 am

    Nope. Paypal does not extend credit, its basically the same as a prepaid credit card or savings account. Since your not making payments to them via a credit agreement, it does not count and is not turned into the credit buera’s.

    Your best bet to get your credit score higher is to get on one of the cousiling programs that help you budget to pay off your debts.

  4. Reply
    August 29, 2011 at 11:19 am

    Nope this will not show up as an account. Sorry. I you want a card that will show up on your credit bureau, you need to either have a unsecured credit card or a secured credit card in good standing.

  5. Reply
    August 29, 2011 at 12:10 pm

    Working for PayPal, I can assure you that having a PayPal account will not improve your credit score. However, if your PayPal account goes negative for an extended period of time (usually over 120 days) then PayPal will likely report your account to a third party collections agency who can affect your credit score in a negative way. On the plus side though, if you apply for PayPal Buyer Credit, which is a virtual line of credit attached to your PayPal account, will be reported to the credit bureaus just like any other credit card.

    If you have any other questions for me, don’t hesitate to ask at 1-888-221-1161.

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