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Detailed text transcripts for TV channel - CNN - 20101201:18:18:00

Less inclined to use credit. third more people are actually trying to pay off their credit balance. a novel idea. average credit card debt is down this year, $4,964. i want to bring in christine romans our co-host of your money not my co-host, i wish it was my co-host maybe some day if i m lucky. $4,964. that s still a lot of money. reporter: it is. it s up a little bit from the previous quarter but it s down a lot, quite frankly from where it was a year ago and fewer people are carrying big, big balances. a couple of reasons here. one reason is they lost their card. they completely had to have a settlement of that debt, they are done, they are off, the credit card company closed up their account, going after them in court trying to get home to pay and they are done or they are chastened by the credit card ....

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