No one likes to deal with credit cards and the high interest rates that many of these cards yield, so you might be looking for other options to deal with excess debt. One of the best ways to do this is to take out a home equity bill consolidation loan since this type of loans come with a much lower interest rates than the credit cards.
Of course, that brings up the question, “Why do these loans have lower interest rates?” It's pretty simple. It's because you have to put up your home as collateral. Now, it should go without saying here that this could become a potentially dangerous position for you if you do not take proper fiscal responsibility once the loan is executed. After all, a disaster in this avenue could lead to losing your home.
If there was a sage piece of advice I could give about this particular decision, it would be that once the balances of your credit cards are at zero then the cards should never be touched again. Once the home equity loan option has taken care of the immediate financial needs, it should be enacted or else the results could be negative.
Keep in mind if debt skyrockets out of control once again and the inability to pay becomes a reality then your home may very well be foreclosed upon. Needless to say, this would be a disastrous situation. So the use of a home equity loan should be done to facilitate a new leaf as opposed to the support of bad habits.