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jc239

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49 yrs. old always used cash neverhad credit what should i do ?

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You can start credit now.

While I love being able to do a "cash only" lifestyle, there are just some things like making hotel reservations that just require a credit card.  To get started, select a "secured" credit card where you will deposit a specified amount in the lenders account and they usually allow you a Visa or Master Card with (often) 150% credit line.  So, if you deposited $200 in their account, you'd get a credit card with a $300 credit limit.  After a period of smart usage, the lender will refund the money and your card will have a far greater "unsecured" line of credit.

The smart way to use a card is to charge something you'd ordinarily pay cash for all the time like gasoline for the car and pay that bill off when the statement comes in.  That helps build a history of prompt payments o judicious use of the card, and creditors will reward you for that.

FYI-If you've been paying for utilities or paying rent, you actually have been using credit.  It's just that it is not usually on the credit reports.

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