How do credit scores work?

I've owned and used a credit card for many years for the sake of building some credit. All I do is just use it for groceries, gas, or any small items here and there. A few years ago, I checked my score online and it was in the high 700s. I just checked it for the heck of it and I saw a score of 659.. My spending hasn't changed and everything's been paid on time. So how come it dropped by so much? And how can I prevent it from continuing to drop?

It probably dropped because with the recession, people haven't been buying a lot of your chocolate.

Here is a fairly decent rundown...it is not perfect, but it has the basics.


https://www.bankrate.com/brm/news/credit-scoring/20031104a1.asp

Devil_666 said:

It probably dropped because with the recession, people haven't been buying a lot of your chocolate.

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Or it could be because of that damn kid and his pedo grandfather. Knew I shouldn't of gave the factory to him.

@ Darth Cruel

Thanks I'll check it out

If your credit card has more than half its limit then it counts as a negative even if you're making the monthly payments. And if you've ever missed a payment then that counts heavily.

Also, for me at least it's not as high as it could be just because I don't have a mortgage. Which is kind of stupid.

<<< Credit score: 23

At the time the score was taken, it could be you had a few bills that hadn't cleared yet or an unpaid balance on your credit card. You're never gonna have a perfect credit score.

Unless your dead, and even that's after your estate is settled and your debts completely paid off.

which site do you guys find is the best place to check your score?

King Darkness said:

<<< Credit score: 23

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It's not like Golf scores.