Episode 132: How to Quickly Improve Your Credit Score

Updated Jun 02, 2020 | Chris Petrie

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Watch the Show

Many people ask me all the time what a good credit score is, so I am bringing on a credit expert and co-founder of Credit Knocks, Chris Huntley.

We will be discussing everything credit scores, including:

Why a credit score is important
How the credit score breaks down
Two hacks to improving your credit score quickly
Why you don’t need to pay someone to fix your credit for you

Listen to the Podcast

The Show Notes

Chris explains some really interesting ways to improve our credit that I had never heard of before.

One thing Chris mentions is making sure you pay down the balance on your statement close date and not on the payment due date. This is because the banks report to the credit bureaus on the statement close date — not on your due date.

This means even if you pay off your credit card on-time, you could still be hurting your credit if your balance is above the available credit line threshold.

Also, Chris talks a lot about why you don’t need to pay someone to fix your credit for you and how simple it really is. I was even a little surprised with how simple it is.

And if you’re someone who is just starting out and trying to build your credit, Chris and I both discuss a unique strategy that involves piggybacking onto a tradeline (we will explain on the show).

Links Mentioned in the Episode

Are You Ready to Make the Finances Better?

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Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.