Of course if you are consolidating bills from credit cards you will probably find that the lower interest rate will make a huge saving in both the monthly repayment and the overall cost of the loan. Just don't make assumption though. Check it out carefully. It's your cash that we are talking about here and no one will take care of it better than you. And what I mean by better is that they will get you a lower repayment schedule. Why? Simply because they have more clout and credibility than you would have as an individual. The main thing is to choose carefully when you're seeking out a consolidation service to act on your behalf. Choosing wisely will usually get you a lower repayment each month and possibly a shorter term as well. These maybe considered the tortoises of the investment race but remember slow and steady over many years will soon mount up. The second way to approach the market is with a view that you are young enough to gamble a little on the hares of investing. If these go wrong you will still have the time to recover and rebuild your portfolio. You also have the option to set up auto-debit facilities for the same. If you think about it, the benefits of online savings accounts seem to go on and on. The Bad Side of Online Savings Accounts The biggest con, for some people, is that there is no human face associated with these accounts. There s no human person you can hold responsible for a discrepancy in the account. Of course you need to check the figures for yourself don't go making assumptions as everyone is different. You need to calculate how much paying your credit cards off at the minimum rate will cost you. There are a number of internet based sites that will allow you to put in your figures and will then spit out the answer for you. Do you think while you're laid there in your hospital bed it's just possible that making the payment for your credit card bill might get forgotten? 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!