Leave a Review Tally
What you need to know about this service
First you need a minimum fico credit score of 660 to be approved for a line of credit. So if you don’t have that high of a score don’t even waste your time trying this option. Secondly when I spoke to the rep over the phone they could not be specific on how balances are paid down or off. They did advise that you can specify how you want your debt paid by using the line of credit. The run down is this. Your APR is going to range from 7.9%-21% roughly. I’m just making this comment so it’s easier for us consumers to see it. So they have a formula which I was unable to get from the rep over the phone. So since I don’t have their formula on how the APR brackets break down as far as the interest rates you might be funneled into I can’t really comment on that. But if their minimum fico score is 660 I think it’s pretty safe to say your going be in their higher APR bracket. And depending on your credit worthiness and debt history and payment history probably has a factor as well. Just saying this app sounds great and I would love to have just one payment and all cards paid off and just pay tally at a lower interest rate. Realistically though for me it sounds like tally would become another debtor added to my portfolio especially if my line of credit doesn’t cover all the debt of the cards. Just be vigilant before proceeding with this offer. Hope this helps someone.
Consumer with debtShow lessRevredrusty
Developer Response
Hi Revredrusty, Thanks for your feedback. We wanted to clear up a few things that you mentioned. 1. The reason we can’t be specific about paying your card balances before you sign up for Tally is that we can’t see your card information! Tally is able to help different users in vastly different ways. Once you get through enough of the sign-up process and if you are eligible for Tally, we’ll be able to see your cards and walk you through the payments we’d plan to make to them if you did decide to activate with us. 2. Our system takes into consideration multiple factors when determining eligibility and interest rates. We hope to be able to offer an interest rate that can save you money on interest, in order to help you feel less stressed financially and help pay down your debt faster. Best, The Tally TeamStill waiting on verification
The sign up part was easy. Although very little communication after being sent to verification. Even after uploading all docs, same day. Their FAQ’s don’t even provide information on the process for verification which should be disclosed. Such as ETA’s possible backlogs. Again would rate high if there was more communication on their part. Even sending an email to support returned a vague response. Didn’t even touch on my question that was sent. We’ll see how this turns out been a week already so we’ll see.
Update: Apr 16,
This process started March 27. It is now mid apr, and I am still going back and forth with their verification Dept. After being ask to supply initial documents and then having to go through a phone call verification. I’m still being asked to verify documents. I have never had such a horrible experience with any financial institution. Mortgage lending process is much quicker.
After being asked to notarize an affidavit online and provide two more additional docs. Only to receive another email, asking for another document, that was never asked in the initial request. I hope anyone else that reads this, doesn't have such a bad and lengthy process as I am having.Show lessSkeemin
Great app but has potential to be amazing
I can see tally being an amazing app but it's currently just great. There are some limitations on the cards they accept which is kind of a bummer (currently won't support my target, kohls, Home Depot) cards that have super high interest. Also my bank special credit card (USAA) isn't supported. Had an issue when I changed my passwords on my credit cards. They had to manually reset the card relink feature (known issue). I gave the app 4 stars because I honestly believe they will figure out and add the features I've discussed. I've saved $40 the first month. Can't give you less than 3 stars if you are going to save me $500 a year. Also I would love it if they could increase my limit more than $5000.Show lessWrg20
The app I’ve been waiting for
It’s hard to find the right system that works for you. Whether it’s scheduling out your day or starting a gym routine. But when it comes to helping to consolidate debt, Tally knows exactly how to help. My wife and I were skeptical at first, but we NEEDED something to help us with all of our outstanding credit cards. The interest was WAY too high and we needed a plan to get back on track. We took a shot with Tally, and now we have a way to get us back where we need to be. They are more than helpful and are there for you 24/7. They got me a lower interest rate and now I can relax knowing that we will be debt free much sooner than we had expected. I want to thank Tally and all those who helped to put this app out. It was much needed.Show lessTheRealGoody
Works as advertised
I don't know why there are negative reviews from people being denied. The app tells you right from the start that if your credit is below the mid 600s that your odds are less to get approved.
That being said, my score is a 608 and I just got approved $3,000 at a much lower interest rate than my cards so it's not a for sure that you'll be denied.
If you're looking to consolidate credit card debt, give tally a shot. If you get denied, remember, it's not the apps fault, it tells you from the start that the lower scores will most likely be denied.
So if we're rating the pure function of the app, it does everything it says. 👌🏼Show lessRazgriz100000
