Joining a credit union could well be the fastest way to reduce your debts and improve your financial outlook according to ABCUL, the trade association.
The group believe that credit unions offer the most competetive deals on loans and savings accounts, especially with the credit crunch making it more difficult than ever to find good offers.
Mark Lyonette from ABCUL commented, "Credit unions are not controlled by anonymous City shareholders and they don't gamble with their customers' cash on international money markets."