Home equity loan to pay off credit cards?

Hi all, my home is 100% paid for, it's value is approx 160,000....I owe approx 30,000 in CC debt, I am paying around 1000 monthly to these CC's, would it be good to borrow the money and pay off the CC's and have one lower payment?....I have always heard not to do this,but the balances arent going down... show more Hi all, my home is 100% paid for, it's value is approx 160,000....I owe approx 30,000 in CC debt, I am paying around 1000 monthly to these CC's, would it be good to borrow the money and pay off the CC's and have one lower payment?....I have always heard not to do this,but the balances arent going down much on the CC's and i want to get out of CC debt.....I have already cut the cards up and from now on if I cant pay cash I dont get it----thanks min advance--will
10 answers 10