Don't lose sight of the fact that if you make a mistake in choosing your debt consolidation service it could cost you heavily over time. A little bit of effort could save you thousands and that's money in your pocket. Take your time and speak to licensed debt counsellors from as many places as you can find. Once you have got a good idea of how much refinancing is likely to cost you are far better equipped to approach the directly. But before picking up the phone it's a good idea to make sure you are going to present your application in the best possible way. Begin by listing every item of outstanding credit you have. And what happens when you forget your monthly credit payments? Those nice friendly guys at the loan company who wanted to increase your credit card limit only last month now turn into Don Corleone and the boys from Mob! They start to slap on late charges and the exorbitant interest now starts to attract interest on itself and, and Well you get the picture. But at the same time, you have to realize that there might be disadvantages of these online accounts too. Here we make a list of the pros and cons of the online savings accounts. The Good Side of the Online Savings Accounts The best thing is the convenience that you get. You do not have to stand in serpentine queues anymore to find out what s going on with your account. Money can be made in almost any type of investment but matching it to your personality will make it a much more sensible approach. When we think of the different ways of investing money most of us think in terms of the stock market but there are plenty of other types of investment to consider. For example you could choose gold or any other precious metal, real estate, Certificates of Deposit or even old automobiles. It's not just the jargon and terminology either there are all the various abbreviations that are sprinkled around like confetti to think of as well. Of course part of the reason is the undoubted complexity of stocks and shares but there is just that sneaking suspicion the new investor will have that it is to keep the uninitiated out too.