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The debt consolidation mortgage seems to be here to stay. It's another way of describing an adverse credit mortgage – a product that is designed to cater for people with previous financial difficulties and a poor credit rating. According to recent research, many of the debt consolidation mortgage products go to older people who are seeking a remortgage to cope with financial disarray. This may be after job loss or illness, both of which are increasingly common. This type of product is seen as very helpful, with up to 30 per cent of those with a debt consolidation mortgage favouring this solution.

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