There are very few industries that have as much complicated terminology and jargon as the financial markets and if you are going to make the grade you really will benefit from having a stock market dictionary at hand to refer to. It's not just the jargon and terminology either there are all the various abbreviations that are sprinkled around like confetti to think of as well. And the reality of that is the bank will take the money you already owe them and spread the payments over a longer period. Now what happens is that because the money they are lending you is outstanding for a longer amount of time they can charge you more interest. See what I meant when I said they don't care about you? 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. For some they will only sleep well if they are almost risk free while others are equally comfortable with some of the riskiest options known to man. Just remember that there is no right or wrong there is only right for the individual concerned. As part of assessing your own comfort level you will want to feel comfortable that you can afford to risk losing the money that you are planning to invest. And don't forget to try and haggle down the rate you are offered. Tell them you have a better deal on the table across the street. You'll be surprised just how much things can change with a little bit of competition. Of course if you've got poor credit things might not be quite so simple. And if that is the case maybe the best thing would be you for you to talk to a licensed debt counsellor or visit a bill consolidation service to get some idea of how you can reduce your monthly commitments. One of the first things that you have to remember is that the bank where you have your regular account is not necessarily the bank with the best saving accounts too. With a saving account, the stakes are higher because banks have to pay you interest on the deposits that you make. Naturally, the bank that can provide you the best rate of interest will be the best saving account bank for you.