Really confused about credit, care to help me out?
okay I have never in my life had a credit card, mainly because my parents had huge debt with their credit cards and I never wanted to go down that road. I’ve learned though that I kinda need credit in order to buy certain things (like a car, house). I’ve tried to sign up with a credit card but I keep getting denied. What can I do to fix this? I just want a credit card I can spend on something small, like gas so I can build my credit, but I can’t get credit if I keep getting denied.
Also, I heard that everytime you sign up for a credit card, it makes your score go down! Is this true?
Oh, and I can’t get a credit card by my mom or dad, they both declared bankruptcy and can’t have them anymore.