Debit or credit card? Which is right for you?

Whenever you make a timely payment of the outstanding amount, your credit rating, and consequently your credit score goes up. Similarly any delay or default in the payment, will downgrade your credit score. Your credit score is important as most lenders check out your credit score before approving your loan application. A high score will ensure your loan application will be processed smoothly. Hence it is very essential for you to maintain a high credit score.