I get emails from pay pal all the time wanting me to update my information and they even provide a link to it for me to click on..... Thing is I don't have a PP account and never have..

Somehow, these people phished your account. If not through a email then throug a mirrow sight that you thought was PP... I think that is what happened due to the password you said you use... OR it is someone you know that found your password..

I am unclear on one point... Pay Pal and the Bank of America.. (since I never have had a PP account) Does PP put your money in BOA and you get a statement from the BOA and not PP? Just how are the 2 connected is what I am asking I guess..