Building Credit in 2025: A Step-by-Step Guide to Boost Your Score with Monique White

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 3 January 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Quick question: is your credit score secretly holding you back? If you’ve ever felt stuck, rejected, or overwhelmed by your credit, you’re not alone—and trust me, it’s not your fault. In this episode, we’re pulling back the curtain on all things credit to help you take back control. Monique White joins me from Self.inc, and together we’re breaking down the biggest credit myths that are messing with your score, plus the actionable steps you need to start improving it today. We’re talking about the truth behind credit utilization (hint: it’s 30% of your score), how to handle collections without fear, and why checking your credit report regularly could save you major headaches. But it’s not just about the numbers—it’s about understanding the emotional side of credit and how to turn your mindset from overwhelmed to empowered. Here are some of the key takeaways: Leaving a balance on your credit card? That could actually hurt your score. Secured credit cards can be a game-changer if you’re rebuilding. Always, always check your credit report for errors. Negotiating with collection agencies isn’t as scary as it sounds. And, the truth about credit repair vs. credit building. Improving your credit is a journey, but you don’t have to do it alone. This episode is packed with tips, insights, and real talk to help you take the first step. LINKS Self's credit tips CONNECT WITH SHANNAH Follow me on Instagram Courses + Workshops + Money Coaching Information SPONSORS Thanks to Jenny Kayne for sponsoring the show. Get 15% off by going to http://www.jennykayne.com/etm15. Thanks to Money Picked for sponsoring the show. To schedule a FREE meeting to figure out your next financial steps, go to http://www.moneypickle.com/etm. Thanks to Wildgrain for sponsoring the show. Wildgrain is offering our listeners $30 off the first box - PLUS free Croissants in every box - when you go to http://www.wildgrain.com/etm to start your subscription. Thanks to Mint Mobile for sponsoring the show. To get your new 3-month premium wireless plan for just 15 bucks a month, go to http://www.mintmobile.com/ETM . Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/ Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns. Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, it's Shawna and welcome to everyone's talking money.
0:12.4	Is your credit score secretly holding you back?
0:17.5	If you've ever felt the sting of rejection, maybe it's a loan you're applying for,
0:22.1	a permit, or even just trying to get ahead, you're not alone.
0:26.7	Your credit score is not just this number.
0:30.4	It's a reflection of every decision, every mistake, every win that you've had with money,
0:34.7	and it can feel so super personal but in this episode monique white
0:40.4	head of community at self-financial and i we're going to pull back the curtain on the miss the fears
0:46.7	and the straight-up lies about credit that keep you and so many other people feeling stuck
0:52.1	did you know actually that leaving a balance on your
0:55.7	credit card might be dragging your score down or that negotiating with collection agencies could
1:01.6	save you thousands of dollars? Yeah, we're going to break it all down. Everything you need to know,
1:06.7	how to master credit utilization. Hint, it's 30% of your score for a reason. Rebuilding with a secure
1:13.8	credit card and finally stopping letting your credit report control your life. Here's the kicker.
1:21.7	Improving your credit, it's not just about the numbers. It's about reclaiming your confidence
1:25.8	and rewriting your money story. If you're tired of
1:29.3	just feeling stuck, embarrassed, or overwhelmed by your credit, yeah, this conversation, my friend,
1:35.8	it is going to be your lifeline. Let's start talking. Monique, it is 2025 already. And every year marks this time when we all think, okay, this is the year I'm going to
1:50.0	get my finances together. I'm going to do it. And, you know, we're kind of coming to the holidays.
1:55.7	We might have had some, you know, a little bit of overboard holiday spending. But I want to get real just for a second.
2:02.7	What do you think is the biggest credit building myth that we really need just throw out this
2:09.6	year that may actually be sabotaging, you know, our process of building a better credit score?
	...

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