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Maintaining a Good Credit Score

You and I should maintain good credit scores. Today, I share why and how.

Good stewardship means we are wise money managers especially when it comes to borrowing and repaying.  If you have a low credit score, it could mean you have borrowed too much, are struggling to pay it back or have been in default on your obligations.  Let’s look at what make a great credit score.

  • Credit line utilization
  • 0-9% is excellent; 10% – 29% good, 30% – 49% ok, 50 – 74% poor, 75%+ bad
  • Derogatory Marks
  • 0 excellent 1 ok, 2-3 poor, 4+ bad
  • Payment History
  • 100% excellent, 99% good, 98% ok, 97% poor, less than 87% bad
  • Age of Credit
  • 9+ years excellent, 7-8 years good, 5-6 years ok, 2-4 years poor, less than 2 years bad
  • Total Accounts
  • 21+ excellent, 11-20 good, 6-10 poor, 0-5 bad
  • Hard Inquiries
  • 0 excellent, 1-2 good, 3-4 ok, 5-8 poor, 9+ bad

These are areas where God’s stewards need to operate with absolute integrity and faithfulness.

If you want to improve your finances but don’t know where to start, I want you to enroll in the online Money Life Personal Finance Course. It’s just 7 weeks but you’ll do a deep dive into what the Bible says about your money and it will help you improve your financial skills. Start today at

If you have more questions about money, call us at 800-722-1976