How to build a credit history so you don't turn 'credit invisible'

I’m wondering if I should have a credit card to build a payment history. I’m 67 and on Social Security. I thought having a guaranteed income and no outstanding debt would be appealing to a potential landlord while applying for an apartment, but maybe that’s not the case. What do you recommend?Roughly 1 in 10 U.S.

You can use the free AnnualCreditReport.com site to see if you have credit reports at the three major credit bureaus. Perhaps the quickest is to ask someone with good credit to add you as an authorized user on one of their credit cards.Another good option is a credit builder loan, which is offered by some credit unions and online lenders. The money you borrow is typically placed in a savings account or certificate of deposit that you can claim once you’ve made all the monthly payments.

Finally, there are secured credit cards which give you a line of credit that’s usually equal to the amount you deposit with the issuing bank. Ideally, you would be able to upgrade to a regular unsecured card in a year or so.

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