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The more discerning group would definitely advise against using home equity to help pay of any debts especially if it predominantly involves the clearing of outstanding credit cards debts.
In the practical sense it would mean that the individual is giving away the rights of control over the said home equity should a default occur on the clearing or minimum payment on the said debt.
This effectively gives the bank the option of using the home as payment in lieu of a default and thus leaving the individual without a home or any option of stopping the said seizure.
Ordinarily the banks would resort to going to court to get a judgment against the individual who had defaulted on the minimum or any other kinds of payments.
However if the debts has been tagged to the home equity program as a option for debt control then the bank would immediately start the reclamation process leaving the individual without any action for recourse.
There are some who of the opinion that if the said debt is manageable and the individual if assured of being able to service the necessary payments without any “hiccups” then using the home equity option is an acceptable risk to take. However the individual must be absolutely sure that the percentage or possibility of default is zero otherwise using this option without being totally well informed of the possible repercussions is unfortunate to say the least.