Can loan payments be used for credit history building in the US? October 09, 2018 14:28 Updated At the moment loan payments cannot be used to build credit history in the United States. Related articles What payment methods can I use to repay my loan? Is there a ceiling on interest rates? How will you pay off my existing loan provider? Can I renegotiate the terms or currency of my loan? Can I pre-pay my loan without incurring a penalty?