On Thu, 04 Jul 2013 15:40:15 -0500, Ignoramus12069
wrote:


I have a corporation since 1998. I have never borrowed any money for
the corporation. My view on borring money for business is very simple,
if I do not have money for something, I do not do it.

But, it so happens that from time to time, I need to establish an
account with a new vendor, they check my credit history and tell me
that I have no credit history.

I am loath to borrow money, but maybe I can borrow some small amount
for a few months just to establish some credit history? what is the
easiest way to acquire a credit history?

I was in the same boat when I wanted to buy my new truck. I hadn't
used a single credit card in ten or twelve years so I literally had
-no- current credit history.

I had to get a few credit cards from stores and credit card companies,
then build up some history of timely payments. I'd buy $100 items and
pay them off in 3 months, but no sooner. The credit rating companies
like to see steady payment streams.

My credit rating is 777 today, even on a _very_ modest income.

--
A sound mind in a sound body is a short but full description
of a happy state in this world.
-- John Locke