The question is if you've got a bad credit history will the banks still lend to you? The answer is probably. That's because a bad credit debt consolidation loan can make as much sense for them as it can for you. You see the banks really don't care about you. I know, that came as a surprise right? But they do care about themselves - second surprise! But at the same time, you have to realize that there might be disadvantages of these online accounts too. Here we make a list of the pros and cons of the online savings accounts. The Good Side of the Online Savings Accounts The best thing is the convenience that you get. You do not have to stand in serpentine queues anymore to find out what s going on with your account. These can be an excellent alternative for anyone who has the confidence to make their own investment decisions. Something which does need considering is the question of charges. This applies whichever type of broker and whatever method is used for that very first investment. Many new investors wrongly assume that all their money will go directly into buying the investment they have chosen and forget that there are different prices for buying and selling stocks. We can be going along through life quite happily and then bang! Without warning we find ourselves in debt and it's well so sudden! Debt is also something that many of us have been told since childhood is a bad thing. And that just adds to our woes. Here we are unexpectedly in a traumatic situation and we get hit by the double whammy of sudden debt and guilt! One thing which many people tend to forget when they first start to invest in the markets is that they are investing for the medium to long term. If you have that clearly in the forefront of your mind you will make much safer investment decisions. That's simply because you're far less likely to panic if you see the price of your stocks fluctuate dramatically. 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.