Debt Consolidation And Home Equity Loans As Credit Card Debt Reduction Solution?

Is going to your local bank and getting a home equity line of credit or some other type of debt consolidation loan a good idea? You will get many differing opinions from many experts in the field. Many say that it is not a good idea because the men and women in debt fail to change their extravagant spending habits and will have new debt on top of the old original debt.