August 7 - NM AG's Office Details Differences Between Credit, Debit Cards

We Americans are addicted to our credit and debit cards.  So what’s the difference?  A credit card is essentially a loan to the cardholder that allows you buy things now and pay later.  A debit card lets you make purchases by electronically accessing the money in your checking or savings account.  In her third segment of a series of reports on consumer protection, reporter Mary Lou Cooper gets a crash course in Plastic 101 from the New Mexico Attorney General’s office.