The Tally App Will Help You Pay Off Your Credit Cards

 ¹Can save ,185 in 5 years with Tally+ – We calculated the savings estimates in March, 2021 based on Tally’s records for borrowers who enrolled in Tally from November 2018 through October 2020. We calculated the interest users would pay if they had received and accepted a Tally+ line of credit and compared that to the interest they would pay without Tally until their credit card balances are fully repaid. For each borrower we used: (a) their average APR weighted by their initial credit card balances and APRs; (b) an average monthly payment of 3% of their credit card balance(s); (c) average monthly credit card transactions of 0.8% of their credit card balance(s). We assumed the borrower received Tally+ discount credit every month and we deducted annual fees from any potential savings. Actual savings will vary based on factors such as each user’s credit card APRs, the total payments made, and additional credit card charges. Lines of credit issued by Cross River Bank, Member FDIC, or by Tally Technologies, Inc. (“Tally”), NMLS #1492782 (http://nmlsconsumeraccess.org); see your line of credit agreement. Lines of credit not available in all states. The APRs on Tally’s credit lines range from 7.9% to 29.99%, depending on your credit history. Credit card debt is  like a money-grubbing evil spirit that never goes away and drains your bank account dry. Choose from Tally Basic or Tally+, whichever is right for you. If you’ve got credit card debt weighing on you, it’s easy to see how much money you’d save this way. Ready to stop worrying about money?

No Waiting on Approval

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. In the app stores, this app is labeled “Tally: Fast Credit Card Payoff,” and it’s called that for a reason: It’s really fast. If you are eligible, (you generally need a FICO score of 580 or higher) , you can get a line of credit pretty much immediately. There’s no waiting around, like if you’re waiting to see if a bank approves you for a personal loan. That can take days, or even a week. Tally quickly does a soft credit check that won’t affect your credit score.  The average American family has four credit cards and more than ,000 of credit card debt, according to data from Experian and the Federal Reserve. That adds up to a lot of interest, which is how credit card companies make their money. Tally credit lines are available in every U.S. state except Maine, Montana, Nevada, Vermont, West Virginia and Wyoming. If you’re in this boat, you need to check out a mobile app called Tally. It pays off your high-interest credit cards by giving you a line of credit with a better interest rate. You consolidate all your credit card bills into one monthly payment, and you pay less interest.

Signing Up to Get Rid of Credit Card Debt

It’s the most expensive kind of debt you can have. First you start falling behind on your monthly payments. Next thing you know, they’re gouging you something fierce by charging you more than 20% interest on your balance. You end up paying so much interest that you can never pay off what you owe.

1. Download the app. 
2. Open an account with your email address.
3. Apply for a credit line. You’ll be asked for basic info like your income and birthday.
4. Add your credit cards. Type in the info or scan your credit cards with your phone.
5. Say yes. Accept the offer and link your bank account.

Get the Penny Hoarder Daily If your new credit line can replace all your credit card debt at a better APR, then Tally will pay off all your cards. Instead of paying your credit cards, you’ll make a monthly payment to Tally instead. Depending on your credit history, your available line of credit will range from ,000 to ,000. You don’t pay interest on all that. You pay interest only on the amount of credit you use. There are even more benefits with the Tally+ membership. It costs per month or 0 per year, but you get a bigger credit line and a lower APR. Applying for Tally’s lower-interest credit line takes just minutes, depending on how many cards you have:  That’s why the average Tally+ member saves ,185¹ over five years, according to Tally. Use Tally’s debt calculator to find out how much you could save and if Tally’s the smarter choice for you. You can operate everything through the mobile app, which is designed to be easy to use. Tally won’t charge you any late fees or balance transfer fees. If your new credit line can’t cover all your credit card debt, Tally will automatically pay off the highest-interest cards first, while making minimum monthly payments on the others. It’ll do your thinking for you.  Depending on how much you owe, you could save hundreds or even thousands of dollars this way. You can also get out of debt faster. Source: thepennyhoarder.com <!– –>