To be clear it is not a way to just write off your outstanding credit or to walk away scot free from your financial obligations. No, it is a service offered by some companies to reduce the amount of your overall credit bill. Consolidation service is the name used by many of these companies to describe a service where by they will negotiate with your creditors. 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. You also need to explain what has changed now and how you will be able to meet the new payments. Try not to be over optimistic here. And for goodness sake tell them the truth, if you don't they will almost certainly find out and you'll fail. They're trained to spot lying by applicants. The secret to success is having a good, well-though out reason why they should grant you a bad debt consolidation loan. A good place to start is by considering if you should be investing at all. Before asking "how do I get started in the stock market" a better question might be "how much can I afford to lose". A quick dose of reality for some I'm sure but a very necessary one. That is because the truth is that even the most prudent investments carry a degree of risk with them. Hamilton founded the New York Stock Exchange on Wall Street in the late 18th century where it was joined around fifty years later by what is now the American Stock Exchange. Both the NYSE and Amex remain on Wall Street to this day. Throughout the history of stock trading there have been many stories of huge successes such as the Dutch East India Company. You should also bear in mind that while they might be non profit they still have to pay for their expenses. While they may not have the swanky offices their commercial cousins have they still have to fund their employee's salaries. Or to be more accurate you, their clients will be the one funding it.