Tally is the first automated debt manager. Tally helps makes it easier to save money, manage credit cards and pay down balances faster.
Tally is only available in certain states. You need a FICO Score of 660 or higher to qualify. (Scroll down to see where Tally is available and which credit cards Tally supports.)
Here’s how it works:
1. Download Tally
In under 10 minutes, Tally can help you get on the path to being debt-free. There’s no risk to sign up and it won’t hurt your credit score.
2. Scan your credit cards securely
Tally analyzes your credit cards and crunches the numbers to find ways to help eliminate your debt and save you money. Keeping your data safe is Tally’s top priority. That’s why all your information is transmitted through secure SSL encryption and is never stored on your phone.
3. Find your savings
Once you qualify, Tally gives you a line of credit with a low annual percentage rate (APR). Tally then uses the new line of credit to pay your credit cards every month. The low APR helps save you money on interest. (Scroll down for important disclosures about what Tally charges.)
4. Organize your cards
Tally lets you manage all your credit cards in one convenient app. Tally keeps track of the balances, interest rates and due dates for each card. That’s how Tally makes the right payment to the right card at the right time. All you have to do is make one monthly payment to Tally.
5. Say goodbye to late fees
Tally’s late fee protection gives you the peace of mind of autopay without the fear of overdraft. As long as you’re in good standing with Tally, you’ll never worry about a late fee again. Plus, Tally never charges fees of any kind — no annual fees, no origination fees, no overlimit fees.
6. Be debt-free twice as fast
That’s it. Tally helps separate the burden of credit cards from the benefits. Keep using your credit cards for the perks and rewards and let Tally handle the hard work. No tricks. No gimmicks. Just a smarter way to manage your cards and a faster way to pay your balances. With Tally, you could cut the time it takes to pay down debt in half. (Scroll down for important disclosures about how Tally makes this estimation.)
FREQUENTLY ASKED QUESTIONS
What does Tally charge?
To get the benefits of Tally, you must qualify for and accept a Tally line of credit. Depending on your credit history, your APR will be between 7.9% and 19.9% and vary with the Prime Rate. (This information is accurate as of March 2019.)
How does Tally estimate my time to be debt-free?
Tally assumes customers will reinvest their monthly Tally interest savings to pay down balances faster and that they stay a Tally customer until their balances are paid off. Calculations based on actual card data compared to a sample of 1,756 actual accounts.
How does Tally save me money?
You can save money with a lower APR on your Tally line of credit. That means you’re saving money on credit card interest every month. Tally’s late fee protection also ensures you never miss a payment.
How does Tally make money?
Tally makes money through interest on your Tally line of credit, but only when Tally can help save you money.
The Tally app and servicing is only available in English. If there is any discrepancy between translations, the English version prevails over other translations.
Tally supports most cards from American Express, Bank of America, Barclays, Capital One, Chase, Citibank, Discover, First Bankcard, Fifth Third Bank, US Bank and Wells Fargo, as well as cards from Amazon, American Eagle, Best Buy, Home Depot, Macy’s, Sears, TJ Maxx and Walmart.
Tally is currently available to people in Arkansas, California, Colorado, Connecticut, Florida, Idaho, Illinois, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington, D.C., and Wisconsin.