Q: How can I increase my score? A: While it is difficult to increase your score over the short run, here are some tips to increase your score over a period of time. Pay your bills on time. Late payments and collections can have a serious impact on your score.   Do not apply for credit frequently. Having a large number of inquiries on your credit report can worsen your score.   Reduce your credit-card balances. If you are "maxed" out on your credit cards, this will affect your credit score negatively.   If you have limited credit, obtain additional credit. Not having sufficient credit can negatively impact your score.