Never had any loans. How can we establish credit?
Me and my husband are in need of a good used car and home repairs. We applied for a small loan at our local bank but was turned down due to we have never had any loans before to establish credit. We were told that we could apply for a low interest credit card and that would help but no one will accept us based on a no credit background and I just recently found out that several inquiries that we tried to get like apply for credit cards and the loan will bring our credit score down. How can you establish credit without hurting it.