Follow Us: Google+
 
Bankrate.com

debt

7 savvy steps to escape the credit grid

Living off the credit grid
Next
1 of 9
Living off the credit grid

It's not easy to go debt-free and live on cash alone.

But if living off the credit grid sounds like the lifestyle for you, here are some tips on how to get there.

Keep in mind, it may take a significant investment of time and trouble, and you'll be sacrificing some creature comforts along the way, says Elissa Burton, a financial planner with Francis Financial in New York.

These seven steps will help you escape the credit grid and live without debt.


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Home Equity Rates



advertisement
Most Read
  1. 8 eerie ghost towns
  2. Headlight requirements by state
  3. Nick Nolte's house for sale
  4. 6 tips for successful yard sale
  5. Social Security traps to avoid
  6. 7 sedans for the young at heart
  7. 10 cars for a midlife crisis
  8. Ali Landry's house for sale
  9. 7 Social Security benefits
  10. 5 car models that lose value
Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 5.00%
$30K home equity loan
6.17% 6.19%
$50K HELOC
4.56% 4.56%
$75K home equity loan
5.94% 5.97%
View rates in your area:
Which is a better way to pay $5,000: a credit card balance transfer or a bank loan?
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.