That is down to the high amounts of interest that the card companies charge on your credit card bill. Consolidation loans are usually far cheaper rates of interest and really can work out to be quite a significant saving. And it's not just the monthly savings that are appealing. The overall cost can be very substantial too. It's an especially useful service if you're not a home owner but you have debts that you can no longer manage. You simply let the bill consolidation service contact your creditors and agree lower monthly or weekly repayments on your behalf. Now I guess at this point you're thinking hey, I could do that myself. So in this beginners guide to investing we will cover some of the essential points but please keep in mind that investment in the stock market is a complicated and potentially risky business. One of the very first things to cover is the need for every investor to work out for him or herself a level of risk that they feel comfortable with. Credit Card Consolidation Loans - Can They Save You Money Credit card consolidation loans can make a huge difference to your monthly outgoings if you have a number of credit cards with outstanding balances. 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. It is not just the reduction in the amount of money they have to find each month that makes debt consolidation loans so appealing to people. Perhaps the greatest benefit of all is the peace of mind such loans can bring. For anyone who has been haunted by the worry of how they find enough money every month to service their debts they can be the answer to their prayers. In fact as early as 1351 there was a law passed in Venice which was designed to stop people spreading rumors that would drive down prices. As more formal commerce spread around Europe so did the need to have stock markets. By around the 16th and 17th centuries Amsterdam had begun to become the main stock market in Europe.