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 (EMAILWIRE.COM, February 13, 2013 ) Indianapolis, IN -- Understanding and maintaining a credit report is of highest importance in today's financial climate. Knowing where you stand when it comes the the ability to gain finance and financial assistance ought to be at the top of the list for every consumer. What can be even more important is knowing how to fix the personal credit if it has been damaged. That is why Top10CreditRepair.com has created an infographic which assists anyone in learning the best ways to get their credit rating back to the number they need.
The first thing the infographic does is lay out precisely what a FICO credit score is, stating it is a number generated by a mathematical algorithm based on one's credit report. This information is then compared to millions of other people, and predictions on a persons ability to pay the bills is thus created out of these numbers.
The infographic notes both positive and negative information is taken into account on these scores, and the rating is based on how these bits of information are weighed against one-another.
There are five major categories the FICO score is based on. There is new credit, types of credit currently in use, length of credit history, the amounts owed, and the payment history. The latter two are the most looked at portions. Payment history and amounts owed play the largest part because they are the most telling regarding an individual's capability and willingness to pay over time.
Credit scores are in their prime when they are between 600 and 800, with 720-800 being the optimum levels. The American public as a whole has over half of its population with a credit score between 600-700, according to Top10CreditRepair.com's infographic. That leaves the other half with a score that could be improved in some way. That is why it is so important to learn about how to fix one's credit at Top10CreditRepair.com.
About Top10CreditRepair.com
Top 10 Credit Repair provides visitors with the best quality advice on how to make sure their credit is improved. Learn how easy it is to find a way out of bad credit and start on the journey back to good standing today. See their newly released infographic here - http://top10creditrepair.com/facts-about-your-fico-credit-score/.
Top 10 Credit Repair
Customer Service
317 426 1575
news@postpressrelease.com 
Source: EmailWire.com
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