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A bad debt consolidation mortgage is a good first step towards the goal of becoming debt free. To make the most of this plan, it is essential to know what debts you have and what has to be repaid. Use the money from your bad debt consolidation mortgage to repay the high interest debt first as this is the debt that will be the most costly. And avoid the temptation to go on a spending spree or have a luxurious holiday. Instead, clear as much debt as you can with the money you have raised on your home with the bad debt consolidation mortgage.

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