For better or worse, credit reports and credit scores affect many facets of our lives.

You can request to review documents of your credit score with each bureau at their respective websites.

A credit score is a number that determines a calculated assessment of your credit risk.

A credit score usually falls between the ranges of 300 to 900. If you have a score of 720 or higher, you are going to receive better interest rates on credit cards, auto loans, and so forth.

A good score can quickly plummet, however, if you fall behind on bills and miss payments.

That means paying it off within that time frame is fine, right? This can also hurt your credit, because it suggests that you take too much time to pay off your debt. Before you begin fretting about the way student loans affect your credit score, it is not as hopeless as it sounds.

There is a balance that can be found that will ensure that your student loan debt will not hurt your credit score and credit report.

A student loan default will remain on your credit report for 7 years.

Student lenders have tremendous power over borrowers, too.

A credit report or consumer report determines your credit worthiness, and includes personal information (your address, Social Security Number, date of birth, and place of employment), credit accounts (bank accounts, auto loans, mortgages, student loans, etc.), credit inquiries, and public record and collection agency items (i.e., overdue bills).

Three major credit bureaus keep files of your credit reports and scores: (a) Equifax, (b) Trans Union, and (c) Experian.

Leave notes in handy places in your house, such as on your refrigerator or on your personal computer.