And it's not just the monthly savings that are appealing. The overall cost can be very substantial too. 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. Both of course have benefits but by getting advice from a pro and asking them why they choose the investments they did will help you gain a free insight at the same time. If you decide on using a professional advisor be sure to do some checking to make certain they have a proven track record of success. Instead of paying the massive amounts of interest that the credit card companies charge you can often get a lower rate of interest together with a lower monthly payment. So are credit card consolidation loans all good news? Well unsurprisingly no they aren't. As with any other financial product, credit card consolidation loans require some very careful consideration before you decide whether or not they are for you. Starting with those three days of trading the market fell for a full month and began the Great Depression which took a little over 25 years for the United States to recover from. In fact it was November of 1954 before share prices reached the level they were at on that first day of the crash. So what caused such an economic disaster? Warren Buffett's approach of "KISS" or "Keep It Simple Stupid" is something that any novice investor can follow. He advocates never placing money into any venture that he doesn't immediately understand such as micro technology. A second guideline for the newcomer to stocks is to do your own checking before parting with any cash. Let's take an example of the silver markets about 30 years ago. Two brothers Nelson Bunker Hunt and William Herbert Hunt decided to corner the silver market along with some of their business associates. They succeeded in driving the price up to around $54 an ounce before the authorities changed the rules on margin trading.