New figures released by the Bank of England show that UK banks and other financial institutions continue to write off debt from credit cards.  The first quarter of 2010 saw a £1.25 billion rise, the second highest quarterly amount of credit card debt on record.

In the same quarter the number of repossessions in the UK fell from 10,600 in the previous three months, a 7.5% reduction to 9,800.  Mortgage debt write-offs fell to the lowest figure in 18 months, due to rising house prices and the fall in repossessions.

If you are having difficulty trying to escape debt, we provide a variety of credit card debt relief programs.  Escape Debt's unique Rebuild debt management plan, an Individual Voluntary Arrangement (IVA) or its Scottish equivalent the Protected Scottish Trust Deed could be the doorway to your financial debt recovery.  Services and debt solutions offered by Escape Debt have helped thousands to escape debt.