If used judiciously, a home equity loan, or consolidation loan, can be an excellent solution to paying off your debts, however it deteriorates your net worth and deprives you of the equity gains that usually only time can re-create. Too often clients come to us after they’ve tapped out their home equity. Had they joined the ConsolidatesDebt.com program before taking out a consolidation loan, they might have kept their home equity AND been on the road to eliminating all their other bills:

Consolidation/Equity loans ConsolidatesDebt.com's program Turns your unsecured debt into secured debt by creating another debt that is often around for a very long time.
Consolidation can improve your credit and access to more. Some people soon find themselves in the same situation again, having used up the equity they once had, but now with much, much greater debt balances.

Considering the time and cost of your mortgage. Equity gains don’t come cheap! This method deprives you of the equity you should be able to enjoy.
ConsolidatesDebt.com doesn’t encumber any other assets. No new debts are created.
Clients typically do not accrue additional debt during our program. At the end of our program they are free of their unsecured debt and again have the ability to borrow.

ConsolidatesDebt.com doesn’t use the equity in your home. You keep that!
There are other forms of consolidation loans, but be VERY CAREFUL before committing to an unsecured consolidation loan. These loans often charge very high interest rates or have accelerated interest clauses if they are not collateralized by a home or liquid investment. Read all the fine print when using your bank account or securities as collateral, because these loans usually allow the lender to liquidate your account if it falls below a set value.