What's the best way to establish credit?

Question

What's the best way to establish credit when you have none to begin with? I've also applied for credit cards before, but I get denied. And I've heard that it's bad to have a lot of inquiries on your credit report as well. It feels like a catch-22. Help!

Answer 1

credit cards are the best way to establish credit because they are easier to get. If you have no credit then your options are limited but it is possible to get a credit card. See the site below that lists some cards for people with no credit. Particularly, I like the one from Orchard bank at the bottom of the site.