Consolidate Your High-Interest Credit Cards

Tally is a debt-fighting mobile app that helps you save on high credit card interest rates and fees. They do this by issuing you a line of credit. The amount and interest rate you receive will depend on your current financial situation and credit score.

Tally provides the tools, knowledge, and motivation to pay off your high-interest credit card forever.

Tally identifies the cards with the highest APRs and uses Tally’s credit lines with lower APRs to help you save money and pay off your credit cards faster.

What does Tully offer?

Tally comes in two versions, Tally Basic and Tally+. Tally Basic provides access to a low APR line of credit.

Tally is for people who want to get out of credit card debt fast and need to keep up with all their credit card payments (it helps you figure out which credit card to pay first). ).

Tally has a credit limit of $2,000 to $25,000 for all users. This may meet the repayment needs of those with a lot of credit card debt.

Tally is more than just credit card payments. Never incur late fees as you are always guaranteed to pay on time. Plus, you’ll save interest on credit cards with higher APRs than Tally’s line of credit.

tally+

Tally+ for $25/month or $300/year Offers users a larger line of credit at a slightly lower APR than Tally Basic. This fee will be deducted from Tally’s line of credit.

If a Tally+ user makes 12 on-time payments, the APR will be reduced by 4 percentage points.

A minimum FICO score of 580 is currently required to qualify. Unlike traditional credit balance transfers, credit lines can be used multiple times without the need to reapply. According to Tally, this will give you more flexibility to deal with future credit card debt. However, there is a caveat to this. This is no reason to increase your credit card debt.

payment tracking

Sometimes half the battle is staying organized and knowing when you need to make payments. With Tally, you can consolidate and understand all your credit card details in one place. Add all your cards to the app and get a detailed snapshot of your finances at any time.

Tally makes it easy to track card payments, offer custom payoff plans, and manage payments through the app.

The payment is only $5, but Tally gives you the option to make additional payments to help wipe out your debt faster.

automatic payment

Each month, Tally prioritizes the cards that offer the most savings. They do this by tracking balances, APRs and due dates through the app. Then make a single payment to Tally. They pay your card and you pay the tally.

late fee protection

tally Provides late payment protection. This is a feature that prevents you from incurring late payment charges on your credit card if you miss a payment. In this case, we will reimburse Tally for the interest accrued by the next payment date. This is a convenient way to avoid paying late fees if you accidentally forget to make a payment.

Are there any fees?

Tally is a free download. To enjoy the benefits of Tally, you must qualify for and obtain a Tally Line of Credit. If you pass Tally+ is $25/month or $300/year.

If approved, you will have to pay the fee. 7.90% to 29.99% annual APRSimilar to credit card APR, it varies by market based on the prime rate.

Tally also offers credit card balance transfers. For this reason, Charge anywhere between 3% and 5%which is equivalent to transferring a credit card balance.

There are no late fees, origination fees, or balance transfer fees.

How does Tally compare?

Tally prides itself on providing tools within the app to know how much you owe and how long it will take to pay it back. It also offers automation that gives you the peace of mind that your payments will never be late, which can help improve your credit score. Tally might appeal to you because of its app tracking and budgeting features.

If you’re not keen on paying $25 for Tally+ and want something free or less expensive with comparable budget tracking capabilities, consider the following.

Empower is another budgeting tool that helps you track your finances and invest in your future. Empower offers cash advances up to $250 with no fees, late fees, interest or stringent credit checks. At $8 a subscription, it’s significantly cheaper than Tally. Before signing up, there is a 14-day free trial that you can use to test the service.

There is also Earnin, an app that allows you to transfer up to $100 directly to your bank account. Earnin’s commission is the option for users to “tip” an amount between $0 and $14 for the service.

Then there’s Dave, who offers a low-cost $1/month membership that gives access to up to $500 in cash advances, cash back debits, and more. Be sure to check out our picks for the best cash advance apps.

How do I open an account?

The application process is a soft credit check and will not affect your credit score. You will be asked to create an account and provide your name, email address, phone number and password. From there, you’ll be asked for more information, such as your credit card account number. At this point, if eligible, Tally will offer certain offers such as balance transfers and credit lines.

There is no credit line origination fee. You pay Tally only the interest charged when your credit line is used to pay your credit card.

Tally also looks at other aspects of your credit profile as part of the certification process.

How can I contact Tally?

There are several ways to reach the tally.one through them Support page where to fill out the form and submit a requestYou can also send an email to support@meetally.com.

No phone numbers are listed to speak to a live person unless it is related to a specific transaction or your credentials have been stolen.

Is Tally safe and secure?

Yes, Tally uses SSL encryption to keep your information safe. This makes it impossible to read any data transferred between you and her website.

SSL uses encryption algorithms to scramble data during the transfer process, making it unreadable to hackers. Also, Tally never stores your banking information and never shares your data without your permission.