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Detailed text transcripts for TV channel - CNN - 20110325:19:45:00

zaut toe, a senior editor at money and lanette, a writer for wallet pop.com. ladieses, thank you. our first question is from lynn in florida -- i was divorced inty 08 and inherited all the credit card debt. i have sense spent timeorking and paying down the debt. my credit score has improved what score would indicate that i can purchase a home, donna? >> well, you know, there's no one magic number that says, yo can now purchase a home. but generally you need a score of at least 620 or higher, most lend erpds use the fico r score which raises 350 to 850. the best rates go to a 780 or higher. but r she's got a 740 oran highr or can work toward that, that's when you're going to get really decent terms ad a good rate that what she should be aiming for. >> right. just keep your eyes on it, but it should work out. next is from william -- what are the tax advantages of my 83-year-old parents selling their house to me for just a av buck. i have heard of people doing this. i don't really understa why.

Big-question , Money , Sense , Donna-row-zaut-toe , Ladieses , Credit-card-debt , Lanette , Wallet-pop-com , Inty-08 , Lynn , Florida , 08