William currently owes $14,500 on his credit cards and is having difficulty keeping up with his minimum payments. He has missed multiple payments and is currently paying a 29.99% annual percentage rate. He and his wife possess a great home that has a value of $40,000. They have $7,500 in a certificate of deposit earning 4% annual percentage rate. He has come to you weeping, seeking advice. using the point that given give him advice?

A) Seek out a non-profit credit counseling company.

B) Cash out his CD and pay down his credit cards.

C) Become a convenience user, and maintain just one credit card.

D) Take out an equity loan on the house.