crack in basement walls

Hey guys, new user here and a new home owner as of a couple months ago. We have a partial finished basement, but when we bought the house it did have some mold in the basement. I know nothing about this kind of stuff. Just as a backround we are a married couple, have never owned a house before and we are 22 years old. But in the near future we need to tear down the wood paneling they put up on the walls. I looked behind and it looks like no insulation and is attach to very thin pieces of wood. So we figured we would clean the walls with the 10% bleach and water, and then tear it down. But what do we put up in it's sted? I seen people on this site usuing 2x4s or something and hung dry wall... not sure I am able to do stuff like that. All I have is basic tools like wrenches and stuff... as a new home owner want type of tools would I need to fix the basement? If it's better I can take a picture and post it here to give you an idea what I have... I just don't know what to do lol... i am completely dumb when it comes to home improvement of any kind, and we basically have to learn on our own... and help would be great, thanks! and God bless!

I live in akron Ohio. I recently bought a ranch built in 1965 with finished basement. I knew there was a water problem before purchase (bought from my moms estate) and last spring 2004 there was 1 1/2 inch of water through entire basement floor from a heavy rain. I had the lateral replaced and the downspout runs replaced to the street last summer as when I had the main snaked to remove water he hit roots about 90 ft out and then the floor drains started draining so I figured the old clay pipe was broken and roots causing water backup. Well we have had alot of rain the past week and the water is coming in from the floor cracks and the bottom of the walls. The funny thing is is that the main problem wall is located under the front porch which is concrete and has a roof over it (same roof as the house). Other than adding dirt to increase the grade away from the foundation does anyone have any other ideas as to a fix to my problem. It has to rain quite a bit to get the problem. I thought the new drains (runs to the street) would do the trick but I guess not. The house was built without a sump pump (prior to code requiring it here) I can post pics if that would help either here or on my web site with link Thanks for any help/input you might have