People struggling with debt problems could wipe out as much as £3000 off their arrears, simply by changing their financial products to cheaper options.
MoneyExtra claim that there is a significant difference between the best and worst financial products available on the market, such as credit cards and loans and consumers need to be switched on to make savings.
However, the group admit that the credit crunch is making it much harder for people to easily move in and out of long term financial agreements.