Which action is considered the worst way to raise your credit score?

Raising your credit score is primarily influenced by your credit behavior rather than how much money you have in savings. The most effective actions to improve credit scores involve managing credit usage and payment history.

Putting more money into a savings account does not directly affect your credit score. Your savings account balance does not play a role in credit calculations; credit scores are derived from credit accounts, timely payments, and overall credit management.

In contrast, decreasing your debt, paying bills on time, and limiting new credit inquiries are all actions that can positively impact your credit score. Reducing debt lowers your credit utilization ratio, paying bills on time builds your payment history—which is one of the most significant factors affecting your score—and limiting inquiries minimizes the potential negative impact of numerous credit applications. Thus, increasing savings alone is the least effective strategy when it comes to improving your creditworthiness.