- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
I have zero credit
Posted on 5/27/25 at 4:06 pm
Posted on 5/27/25 at 4:06 pm
Might sound.weird but Im 67.yrs old and have always paid cash for everything. No loans all my real-estate is deals were cash. Flipped house since the mid 80s. Question what is the best way to establish credit? Thanks.
21
Posted on 5/27/25 at 4:09 pm to Chief One Word
Become an authorized user on a family member's credit card. They can get a card in your name and put it in the drawer and never use it. The authorized user gets partial credit for the repayment history. Obviously, you need to choose a trustworthy family member to help with this.
Posted on 5/27/25 at 4:11 pm to Chief One Word
This is king baw shite here
This post was edited on 5/27/25 at 4:12 pm
Posted on 5/27/25 at 4:12 pm to Chief One Word
Would depend on why you want to establish credit, imo
Posted on 5/27/25 at 4:16 pm to Chief One Word
I used a secured credit card. Not sure if that's the best option, but it's an option.
Posted on 5/27/25 at 4:19 pm to Chief One Word
Just keep doing what you are doing, you obviously do not need it 
If you want it, we can assume you have a bank and not burying money in your back yard. Since you are paying items in cash and flipping houses, we can also assume you have sizable bank accounts or at least have passed several hundreds of thousands (if not millions) through banks Build it through them. Take out a loan and pay it off, they will probably trust you based off your account activity. Get a credit card through from the bank.
If you want it, we can assume you have a bank and not burying money in your back yard. Since you are paying items in cash and flipping houses, we can also assume you have sizable bank accounts or at least have passed several hundreds of thousands (if not millions) through banks Build it through them. Take out a loan and pay it off, they will probably trust you based off your account activity. Get a credit card through from the bank.
Posted on 5/27/25 at 4:46 pm to DarthRebel
quote:
Get a credit card through from the bank.
Yep. If you have a history of high dollar tranactions the bank you're using should issue you a cc.
Posted on 5/27/25 at 5:08 pm to Chief One Word
Why start now? What you are seeking to finance may change the method.
Posted on 5/27/25 at 5:57 pm to Chief One Word
Get a credit one card or first premier
You will have an 800 right away
You will have an 800 right away
Posted on 5/27/25 at 5:59 pm to TorchtheFlyingTiger
I'd guess the convivence of paying day to day expenses instead of hauling cash around or writing a check
Posted on 5/27/25 at 6:56 pm to bigjoe1
A debit card would handle those.
Posted on 5/27/25 at 6:57 pm to Chief One Word
If you have a bank account just get a debit card.
Posted on 5/27/25 at 6:57 pm to Chief One Word
Your bank or a starter card. Many credit issuers have them.
Posted on 5/27/25 at 7:15 pm to Chief One Word
quote:
Might sound.weird but Im 67.yrs old and have always paid cash for everything. No loans all my real-estate is deals were cash. Flipped house since the mid 80s. Question what is the best way to establish credit? Thanks.
What do you need credit for?
Get a gas card or credit card.
Posted on 5/27/25 at 8:22 pm to Chief One Word
Posted on 5/27/25 at 8:36 pm to Chief One Word
My paw paw was like this. He wasn't a baller, but worth a couple million. He had no credit record whatsoever. He had never borrowed $1 from anyone in his life. It used to piss him off so much he had to pay a deposit to get cable, phone service etc
Posted on 5/27/25 at 8:39 pm to fallguy_1978
he wasnt wrong. A deposit for a monthly service that can be cut off instantly is just abusive
Posted on 5/28/25 at 5:06 am to Chief One Word
quote:
Might sound.weird but Im 67.yrs old and have always paid cash for everything. No loans all my real-estate is deals were cash. Flipped house since the mid 80s. Question what is the best way to establish credit? Thanks.
Uncle Frank?
Seriously, I had this discussion a few years ago with a family member that was pretty much identical.
We were able to get him a small credit card to start with around a $500 limit that after just a few years, was increased to around $5k.
He also took out an small 18mo auto loan with his bank using an existing car as collateral, put the money in a high interest saving account and paid it off with those proceeds. That cost him a small amount money but jump started his credit.
He was wanting to establish some credit history to do a land deal and it worked.
Do not use a debit card. It doesn't help with credit and if someone skims it, they are taking your money and not the banks.
Posted on 5/28/25 at 5:51 am to Helo
I’d get a large HELOC on a property
Posted on 5/28/25 at 6:11 am to Chief One Word
If you've paid cash for everything for 67 years why do you need credit now ?
They have credit cards for low credit which you can use / pay/ use/ pay on and on to build your credit.
They are usually low amts like $400.00 and have fees but are more a tool to build a history of paying
Look at CreditOne, Fortiva etc
They have credit cards for low credit which you can use / pay/ use/ pay on and on to build your credit.
They are usually low amts like $400.00 and have fees but are more a tool to build a history of paying
Look at CreditOne, Fortiva etc
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News