[box_dark]Do prepaid cards help you build or rebuild your credit score?[/box_dark]
Prepaid debit cards (click here to search for our reviews of the best prepaid cards) do not report to the three major credit bureaus each month like credit cards do, so they will not help you build up or rebuild (if your credit has been damaged) your credit score or rating.
Important Consumer Note!
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[box_dark]What is a credit score?[/box_dark]
A credit score is a numerical indicator used by credit unions, banks and other lenders to evaluate your creditworthiness. But it's not just financial institutions that will pull your information, mobile phone companies, insurance companies, and even potential employers may also check on your financing history.
Getting your CREDIT SCORE should be easy and free, and now – it is! Get your free credit score here with no credit card required:
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[box_dark]Why is your credit score important??[/box_dark]
Because your credit score is so closely tied to every aspect of your life, it's important to stay on top of your score, and as the saying goes, “forewarned is forearmed.” Use the following links to educate yourself with the same information that lenders have access to: your credit history. Check for any errors and find your trouble spots.
If you are looking to build or establish your score, take a look at our listings page and find top credit building cards and secured credit cards.