I saw a commercial today which stated, "The average American has $8000 in credit card debt." This means that for once in my life I'M ABOVE AVERAGE! After thinking about it for a bit, I realized that this is probably not a situation in which I should be happy. So we have decided on a home equity loan, again. Here's the typical scenerio. First house, Me: "Honey, we need to get a handle on these credit card bills. Why don't we get a home equity loan?" Hubby, "Sounds good. Then we will be able to breathe easier!" We get the loan, stay in the house another four years, sell it for more than we paid for it, and pay off all cc debt. Me: Lets never use credit cards again!" Hubby: "You are right! Cut them up!" Flash forward to 2000: Me: "Honey, we need to get a handle on these credit card bills. Why don't we get a home equity loan? Hubby: "Sounds good. Then we will be able to breathe easier!" We get the loan, sell the house the next year, making more than we paid for it, and pay off all cc debt. Me: "Lets never use credit cards again!" Hubby: "You are right! Cut them up!" October 2003....I think you know where this is going.