Sell House to get out of CC debt

My house has finally appreciated to cover the 30k of Debt (CC and other) that we have, and have just a little left over. I see this as a chance to start over, and start getting ahead. My wife sees the risk and wants to let it keep appreciating. We have little savings, and student loans ( uggh!) and 2 kids....so every bump in the road is covered by credit cards.
At this rate we'll never get out, IMHO.

What should we do ?

Rather than sell your home, you might want to consider a home equity loan or line of credit. Unlike a credit card, the rates usually are lower and the interest is deductible on up to $100,000 of home-equity debt if you itemize your tax return.

See Lighten Your Debt Load: http://www.kiplinger.com/basics/archives/2003/02/debtload.html

Cameron Huddleston
Associate Editor, Kiplinger.com

Wow, I certainly wouldn't want to go into an apartment with children. Apartment living can be treacherous when you have children. I understand your husband's wanting to sell the house and pay off the credit cards, but I suggest that you hang onto the house and work on the credit cards little by little. Sounds like you could use some credit counseling. Surely, there are agencies in your area that offer credit counseling. Call some and make sure you choose an agency that does not charge for the service.

I wouldn't get an equity line on my home, unless I cut up and closed out all (but one) of my credit cards. In my opinion, everyone needs one VISA. But, get rid of the rest and pay them off. What ever you do, ALWAYS make your house payment and your car payment on time. Don't ever put these two assets at risk. You can be late on your credit cards, but not the house or the car(s).

You need to start writing down everything you spend money on, even if it is just $1.00. At the end of the month, look at your list and decide what was "blown" and what was truly necessary. Not meaning to offend you, but it appears that you could use a lifestyle adjustment if you are that heavily into debt.

And, remember, you won't pull out of debt in a year. It could take several years, but, if you keep on track, it will happen. Good luck.