In Texas, the average credit card debt is nearly $7,000, ranking the state seventh-worst in the nation. This has led to many families struggling with high-interest debt.

Financial experts suggest that a home equity line of credit, or HELOC, could be a useful tool for those struggling with debt. Home equity is often a homeowner's largest financial asset, and rising home values have increased the amount of equity available.

Further information on using a HELOC to manage debt is available from financial experts and mortgage specialists, who can provide guidance on this option for homeowners.