For all you naysayers about establishing credit. Try to buy a house with no credit history. Good luck!!! Around here you its hard to find a nice home for under 80000$. Try to pay cash for that. By the time grassboy tries to buy a home it will be 100000$ or more for a nice home. Like Homer says pay your bills on time. Establish good credit. You have to make payments to do this. Interest on your equipment can be tax deductable. Its hard to even buy a car with no credit history.