How to Raise Your Credit Score By 500 Points Like Comedian Dan Nainan

how to raise your credit score

Comedian Dan Nainan knows how to tell a joke. But one thing that was not funny at all was his credit score.

For years, his credit score was downright horrible. It hovered in the lowest possible range–in the 300’s–due to overwhelming credit card debt.

But rather than give up, Nainan took action and managed to improve his credit score by 500 points. Here’s how Nainan managed to pull off this feat, as well as some tips on how to raise your own credit score.

Getting into debt is no joke

“Right out of college, companies inundated me with credit card offers and I signed up for all of them,” says Nainan. “I ran up a balance and just couldn’t make the payments on them.”

For years, Nainan was so overwhelmed with his debt that he simply could not face it. Instead, he just hid from it.

“I was so behind, so I just blew it off,” says Nainan. “My credit was as low as can be–in the 300’s. I couldn’t get approved for anything.”

However, most bad debt will drop off your credit report after seven years. So after years of ignoring it, Nainan’s oldest debt disappeared overnight. And, his score got a small boost.

That one little change was enough to give Nainan some hope. It also motivated him to start making changes and find ways to improve his credit score.

Laser focus: increase credit score

Nainan became laser focused on his debt and his credit score. He also decided to scrutinize his credit report. And while he did recognize some debts under his belt, he saw some erroneous accounts listed too.

They turned out to be his dad’s debts, whose name is similar. Nainan did some research online and found out that getting false debts removed from a credit report is not always easy.

“I learned you should never call or email the credit bureaus,” says Nainan. “It’s too easy for them to say they never got it. Instead, I sent everything by certified mail, so I had a record they received it.”

Six weeks after sending a letter notifying the credit bureaus of the erroneous charges, he got a letter back saying they would remove the charges. His score suddenly leaped up by about 200 points, and Nainan could actually get approved for competitive credit card offers.

“I started completely out of control, but it took me about three years to get my act together,” Nainan says. “Knowing how to proceed was a major help.”

Life after credit card debt

Now, Nainan uses his credit cards strategically. He treats them like cash, only using them for convenience. But, he keeps his spending around what he knows he can afford. As a comedian he travels often, so he mostly uses them for the travel perks.

With his careful credit score repair work, his credit score is now an excellent 846.

“I can get approved for anything I want now,” says Nainan. “I get the best credit cards with no fees but great rewards. A dealer approved [me] for a new car in minutes. Excellent credit makes life much simpler.”

How to increase your credit score: baby steps

Nainan is an advocate for other people looking to improve their credit scores.

“It is not easy for people who don’t have the knowledge to start with,” says Nainan. “There is so much misinformation out there.”

One of the things people tend to overlook the most according to Nainan is checking out It’s a free site that offers credit reports from Experian, TransUnion, and Equifax, the three credit bureaus.

“There are so many sites that convince you that you need to pay to see your credit report, but you can get a report from each of the three credit bureaus for free from,” Nainan explains.

Nainan also recommends checking your credit report regularly and that you look for erroneous charges. Sometimes it is a simple mistake, and sometimes you could be the victim of identity theft. By checking your report, you can catch those things early on.

Since each credit bureau offers a free report, you can view a different report every four months without paying a fee. That way, you can check for any issues throughout the year, rather than wait 12 months in between monitoring your report.

And, Nainan recommends that you discipline yourself in your spending.

“If you struggle with credit card spending like I did, cut up the card,” says Nainan. “It is so important to just stop spending and end the cycle of debt. Treat your credit card like cash to get yourself back on track.”

Next steps for raising your credit score

If you’re like Nainan and struggling with a low credit score, try not to get overwhelmed. Instead, take action and get informed on how to improve your situation.

For an action plan on how to raise your credit score, check out this article on how to get 700 credit score (or higher).

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (
  2. Personal LoansFixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 4.98% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 21, 2017 and are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 4.98% APR assumes current 1-month LIBOR rate of 1.34% plus 3.89% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000
Check rate nowon SLH's secure site
4.98% - 14.24%1$5,000 - $100,000
Check rate nowon SLH's secure site
8.00% - 25.00%$5,000 - $35,000
Check rate nowon SLH's secure site
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit Earnest
Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.