Struggling to keep your finances in check? Give the Tally app a shot! Tally helps you manage your debt automatically, making it easier to pay off faster. This review will give you a better understanding of how it works.
Managing bills and loans can be a pain, and it’s easy to forget payments, leading to penalties. Nobody wants to pay extra charges, right? Tally steps in to help you save money and avoid extra debt.
We’ll dive into how Tally functions, how it can save you from penalties and high interest, and how it simplifies managing your expenses and assets. Tally is a financial app that optimizes your debt payments, especially credit card debt. Available on both Android and iOS, it’s known as the world’s first automated debt manager.
Tally not only organizes your expenses but also helps you save money, manage your credit cards, and pay down debt faster. No more worrying about late payments, as Tally ensures you stay on top of your credit cards.
To get started, download the app, create an account, and link your credit cards. Tally monitors your card balances, interest rates, and due dates, and even offers a line of credit to help consolidate your debt at the lowest possible interest rate.
With the “Tally Pays” option, the app takes over your credit card payments to ensure you never miss a due date. It also calculates the smartest way to save you money on interest across all your cards. If you prefer to handle payments yourself, Tally still sends reminders about upcoming deadlines and amounts due.
Tally is free to download with no in-app purchases. To access full benefits, you need to apply for a Tally line of credit, which has an APR ranging from 7.9% to 25.9%, subject to fluctuation based on the prime rate. There are no annual fees, origination fees, balance transfer fees, late fees, or prepayment fees. On average, customers save $5,300 over their lifetime using Tally.
Curious about how much you can save? The average user saves $5,300 in interest. If that sounds good, you might want to give Tally a try.
Tally offers several features to help you manage your finances:
– The Tally Advisor evaluates your spending habits and offers advice on paying off debt faster.
– The save on interest feature transfers high APR balances to your Tally line of credit, saving you money.
– Tally ensures you never miss a payment, avoiding late fees.
– If you miss a payment, Tally makes the minimum payment on your behalf from your Tally line of credit.
– Tally consolidates all your credit card information in one place for easy management.
After installing the app and linking your credit cards, Tally will review your credit profile to determine if you qualify for a line of credit with a lower APR. Tally makes money from the interest charges on the line of credit, which is typically lower than credit card interest rates, helping you save money.
Using an algorithm, Tally allocates monthly payments to maximize interest savings. The app itself is free, with no charges other than the interest on borrowed amounts.
Tally works with many credit card companies, making it easy to connect and manage your debt. The app performs a soft credit check, so it won’t affect your credit score. To use Tally, you need a FICO score of 660 or higher.
Tally is safe and legitimate, using SSL encryption to protect your personal information. The company has good customer satisfaction ratings, with high scores on platforms like BBB.org, Trustpilot, the Apple Store, and Google Play.
Here are some pros and cons of using Tally:
Pros:
– Saves money by transferring credit card balances to a lower APR line of credit.
– Smart payment recommendations to prioritize debt repayment.
– SSL encryption ensures your personal information is secure.
– No over-limit fees, and Tally still makes minimum payments if you exceed your credit limit.
Cons:
– Not beneficial for those with low APR credit cards.
– Requires a credit score of 660 or higher for a line of credit.
Tally is available in various states, with plans to expand further. If Tally doesn’t suit your needs, alternative apps like Quicken, ZilchWorks, and Credit Karma offer similar services.
FAQs:
– The Tally app is free to download on Android and iOS. To enjoy full benefits, you need to qualify for and subscribe to Tally+.
– Tally’s minimum payment is around 2-3% of your balance, with a minimum of $25.
– Tally conducts soft credit inquiries, which do not affect your credit score.
– Tally does not raise your credit limit; your lender does. However, Tally can help improve your credit score, potentially allowing for higher credit limits.
– You can cancel your Tally subscription anytime by contacting their support team.
In conclusion, Tally is a convenient app for managing payments, bills, and financial organization. It’s free to use, conducts soft credit inquiries, and helps you avoid late payments. Don’t struggle with your finances alone—try the Tally app and experience the benefits of better financial management!