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Detailed text transcripts for TV channel - CNN - 20100215:16:45:00

Card if you only pay the minimum balance each month. a lot of people don t know that. it typically is a very long time. that s going to be contrasted against what it will take to become debt free in three years. and to help people get out of debt, card issuers will be required to provide a toll free number for credit counseling right on your bill. so there s going to be a lot more disclosure out there. tony? is there something i should do to better prepare myself for the changes? check your credit report. you want to know if it s accurate. you should do that asap. the new law restricts issuers from opening a new card or extending your line of credit without taking into consideration your ability to repay. creditors will likely use income estimation models, big computer software models along with your credit report. head to annualcreditreport.com to make sure yours is correct and, hey, keep a close eye on your mail over the next few weeks. credit card companies are going to try to h ....

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