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The single most important way to improve your credit score is by paying your credit cards, installment loans, and any other credit line on time. 5 ways to improve your credit score · Pay your bills on time · Keep your balances low · Don't close old accounts · Have a mix of loans · Think before taking on. Although new credit only accounts for 10% of your FICO score, credit inquiries knock an immediate 5 or 10 points off your score. If you're trying to improve. Experian Boost is free to use, and makes it easy to connect accounts. All you have to do is sign up and link the credit card or bank account from which you pay. “If your balances increase over time, your credit scores will suffer. Your utilization rate, or balance-to-limit ratio, is the second most important factor in.