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. The most important thing that you have to consider is how much they are going to cost you. Not just the short term because that will almost all ways be better than the amount you are currently paying. Ok the minuses include horrendously high rates of interest but on the other side of the coin they can be invaluable in emergencies. Just don't use them as long term loans because they were never designed for that kind of borrowing. If you are finding that you have outstanding balances of two, three or more credit cards you will probably be well advised to look into taking out a debt consolidation loan. A re-mortgage for example 4. Would getting a part-time job help rather than taking out a loan? Equally important if someone decides to go ahead is making certain that the loan they are taking out is the cheapest they can get. A great way to do this is to shop around and compares prices and costs exactly the same as for making any major purchase. So the first question I guess you've got is if you qualify for debt consolidation. Poor credit isn't necessarily a barrier to you getting a loan to consolidate your debt as the companies understand your situation. There does though have to be an explanation when you apply for a loan for debt consolidation. Investing like anything else is a skill which has to be learned and the good news is that there are plenty of opportunities to learn it. To begin with it's a good idea to have a plan. Your plan should cover exactly what it is you are investing for. Ok you know you want to invest for the future but exactly when in the future? 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?