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Credit Restoration is a way to repair your credit history to improve your overall credit score. Your credit score is based on a number of variables and making a few changes to your debt management strategy can fix it.

Constantly applying for loans counts as hard enquiry, which brings down your credit score. Even if you are approved for the loan, for a while your credit score will take a hit, but it can increase once you make consistent payments on your loan.

Your credit score is the final result of all your financial activities over a period. it determines your loan eligibility, interest rate, tenure etc. So it is important to check your score regularly.

Whenever you come across a bonus or any other lump sum payout, there comes the sweet dilemma. 'Do I save it or pay off some debt?'. Both options are important and require some consideration before making a decision.