Tally Review 2020: Is Tally Legit?

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Find out everything you need to know about Meet Tally in this comprehensive review. We cover how it works, pricing, features, and comparable alternatives. Staying on top of debt and repayments all the time is a personal finance challenge, especially if you have multiple credit cards.

If you find that you are always being charged late fees for missing payments, you need something that enables you never to miss any payment and provides you with a line of credit based on your outstanding debts and current credit score.

According to Credit Statistics, 30 percent of the scorable Americans have a poor or bad credit score. The majority of these people are unable to keep track of their credit cards and payments. That's why it's important to have a mechanism or method that simplifies the repayment procedures.

That's where Tally App comes in. It's a service that makes sure you never miss a payment on any of your cards with its completely automated system. It also stands a high chance of saving you a handsome amount of money on your debt. This article discusses the ins and outs of the Tally App so you can figure out if it's suitable for your unique financial needs.

Tally is legit – let's talk about why.

What Is Tally?

Basically, Tally App is a debt manager, and in its essence, it aims to automatically manage the debts against all of your credit cards. It provides you with the credit line amount on the basis of your outstanding debts and current credit score. It allows you to consolidate your credit card debt payments with a lower APR (Annual Percentage Rate).

Managing multiple credit cards manually with outstanding payments is a complicated and frustrating process. With different prepayment fee dates each month, it isn't easy to remember to make multiple payments. Plus, those with busy schedules can also forget to pay their outstanding credit card debt's monthly repayments. Instead of all this hassle, tally pays your credit card debt each month on your behalf.

However, the benefits that the Tally app brings go far beyond the line of credit, debt management, and automatic monthly payment schedule. The state-of-the-art technology that the Tally app utilizes allows it to make smart decisions. In simple words, it automatically detects which payment is due on what date and pays different payments on the basis of their respective APR.

How Does Tally Work?

As mentioned, the Tally app simplifies the payment process against your credit card debt by setting up a credit line. You need to sign up for your account and register all of your credit cards on the Tally App. It keeps track of the APRs, minimum payments, and due dates against each of the cards. Moreover, it uses the credit line amount to pay off your credit card debt automatically each month. It keeps you from all the effort to manually go through all the processes, and you save money.

The Tally credit line is between 7.9 percent to 25.9 percent of APR. However, this APR rate is variable, and just like the credit card interest charges, it's based on the prime rate. There are no charges to get started with the Tally App and it's free to download. The average lifetime savings that the app offers is about $5,300 US. It also provides its application on both Android and iOS from their respective application stores. However, you have to pay to get the Tally credit line, and that's the base of fees that the company earns from. You can use the following steps to qualify for the Tally line of credit:

Step 1

The application process is simple. Before using Tally, you have to check your eligibility by entering the credit card information by accessing the Tally website. It allows the company to analyze your overall credit history that doesn't affect your credit score or fico score. Then you are provided with the details if you're eligible for Tally's services or not.

Step 2

In order to qualify for the services that Meet Tally offers, you must have at least a 660 credit score. Additionally, you also have to provide evidence regarding your outstanding balances and spending habits. Once you get approved, you'll have to accept your Tally line of credit to start your journey.

Step 3

You will have no trouble getting comfortable with the Tally app. It will become your everyday way of managing your credit cards and debt repayment in one monthly payment. Tally will manage all of your linked credit cards and save you money by charging credit with a lower APR rate. It makes the Tally the best outstanding balance transfer method for individuals.

Features of Meet Tally App

The Meet Tally app is basically a credit card debt manager that keeps all the details in one place regarding your credit cards. Here's a list of the most important features that you can access from this app.

Debt Manager

The app comes with a dedicated bot, which is called “Tally Advisor.” It recommends the best way to get out of your credit card debt faster and save money by analyzing your spending habits. It helps you get out of debt most efficiently.

Credit Card manager

Instead of managing credit card details on multiple sites, the Tally organizes it in one place. You only need to link your credit cards, and the app does the rest.

Tally Line of Credit

Once you enter your information on the Tally website, the system analyzes your eligibility. If you have a FICO credit score of 660 or higher, you will qualify for the Tally line of credit. The Tally line of credit's APR rate will be lower interest rate than the one you're currently or used to paying on your debt, saving you considerable money over time.

Late Fee Protection

There is nothing worse than being charged late fees. Each month, Tally app will check all of your credit cards. It ensures that your minimum repayment amount for the month has been paid. If it misses a payment, then the app will pay off your credit card debts on your behalf.

Save on Interest

The Tally app transfers the higher annual percentage rate to your tally line of credit. Tally offers a lower APR rate on your line of credit that saves you money so you don't have to take out a personal loan to pay off debt faster.

You Pay

The “You Pay” feature of the Tally App allows you to send your outstanding payments on your own to the card issuer. This feature also sends you the due date reminders to pay credit card debts in order to keep everything in a single place.

Pros and Cons

The Tally app offers many benefits that help you save money, but it also comes with some downsides, just like every other app. But it's also important to keep in mind that its downsides are not exactly the disadvantages. Keep on reading to find out its pros and cons.


Number Crunching

Tally analyze your credit card balance and evaluates the optimal amount you should pay by making a priority list on how to pay off your credit card debt.

No Over Limit Fee

Tally pays your minimum payments on your cards even if you consume all of your Tally line of credit. It doesn't charge any additional fees. In exchange, you'll have to pay the amount that the Tally paid on your cards with the lower interest rates before the upcoming due date of a new line of credit.

Helps You Save Money on Interest

As we have already mentioned, Tally helps you save money on interest by allowing you to send any of the credit card balances to your tally lines of credit. It provides a lower interest rate that saves on prime rates in order to help you pay your credit card payments quicker.

Late Fee Protection

Tally automatically checks all the due dates of your cards beforehand. If your line of credit is in good standing, Tally pays the minimum amount due right on time. If you don't make your payments actively, Tally utilizes your line of credit amount for your payments. However, you can always cancel the automatic payment procedure as it's your personal preference.

Security System

All of your credit card and other sensitive information is completely safe and secure with Tally as it uses SSL. The SSL is a type of encryption that doesn't store passwords, email addresses, or usernames. Additionally, the company also never shares or sells your PII (Personally Identifiable Information) to anyone without approval as stated in the privacy policy.


Not Beneficial for Everyone

Sadly, the Tally app is not for everyone, as it is only useful for those with high credit card APR. If your APR is low or you have promo rates, you won't be able to save any interest or money by switching.

Minimum Credit Score Limit

If your credit profile has a credit score or fico score of less than 660, you won't be able to qualify for using Tally. It's the first requirement for approval. Keep in mind that even a few late fee payments can drop your credit score dramatically.

How Does Tally Make Money?

The good news is that there is no cost to download Tally. Additionally, the way the Tally works is fairly simple. Jason Brown, the Tally App CEO, says that the idea behind Tally's functionality is simple. It allows you to manage and stay on top of your personal loans and credit cards. You only need to set up your account. Then linking your credits cards will allow Tally to analyze your personal loans and outstanding payments. It separately manages all of your credit cards on the basis of your card issuers for your monthly credit card payments.

Tally earns money by the fee that you pay in the form of interest. It is only applied when you utilize more than your credit limit line. If you use the “You Pay” feature and never undergo late free protection, there will be no charges or origination fees. You won't be paying anything to Tally against your personal loan payments. But you'll have to actively monitor your credit card payments' due dates each month for a balance transfer.

However, if your credit line has an outstanding balance, then you'll have to pay the interest. The cost will be between 7.9 percent to 25.9 percent APR that you pay Tally. The exact interest rate to pay will depend upon your personal financial standing. You'll know the exact amount by going through your initial soft credit check process. If your soft credit check results in a rate that is too high, you'll still have the option to walk away.

How Do You Pay Tally?

You need to link your credit account of any bank or company such as Express Bank of America, Capital One, or Wells Fargo to your Tally account. It will allow the Tally system to send you a statement via email each month. Then with that information, you can easily pay Tally your minimum payment on your cards through the Tally app.

What and Who Is Tally Best For

For those who want to simplify their credit card payment process and avoid late fees, the Tally is a perfect choice for them. Busy people who have difficulty finding time to catch up with their monthly credit payments in their tough routines are also prime candidates to use Tally. Moreover, it's also important for everyone to maintain a great credit score. Tally works just perfectly as it allows you to make the payments on your cards each month seamlessly. If you're in the same situation, then using Tally for paying your credits is what you need.

According to customer reviews, Tally offers great customer service. They offer customer support from Monday to Friday between 8 am to 5 pm.

Where Is Tally Available?

The app is currently available in limited regions, but the business is expanding, and Tally is increasing its area support day by day. User in the following regions have access to Tally:

  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • District of Columbia
  • Florida
  • Georgia
  • Illinois
  • Idaho
  • Iowa
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Mexico
  • New Jersey
  • New York
  • Ohio
  • Oregon
  • Oklahoma
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  •  Texas
  • Utah
  • Washington
  • Wisconsin
  • Washington DC

Is Tally Legit and Safe?

Everyone hesitates to provide sensitive balance transfer card information to any third-party business or service. A lot of folks ask if Tally is a legit way for debt consolidation and is it safe to provide balance transfer cards' information.

The one-word answer to these questions is “Yes.” Tally is both a safe and legit business with a comprehensive privacy policy that you can trust. The company states that it's completely secure in the privacy policy and terms of service (copyright 2020). Additionally, it uses bank-level encryption to ensure all of your credit limit information, information regarding credit card companies, and personal data or finance status are protected.

You also have to take all the necessary and precautionary measures, such as configuring strong passwords. Moreover, it's also very important not to share your personal information such as username, email address, personal finance, mortgage rates, or credit card companies with anyone.

If you want to consolidate your accounts and credit cards into a single place or need any help regarding your credit card debt, Tally is a perfect option. Tally's services pay your outstanding payments on your behalf and also saves you money.

Tally Reviews

Tally has strong ratings and reviews on Google Play Store of 4.2/5, which is an average of approximately 4000. On the other hand, Apple has even better reviews of Tally on iTunes, which are 4.5/5. The total number of reviews on the App Store is over 14.3 thousand people.

As Business Insider states, “Tally works in the most strategic ways to help people pay down their balances.”

Does Tally Affect Your Credit Score?

The application process is just a soft credit check. In other words, it doesn't affect your current credit score. It sends payments to your highest APR cards with your lines of credit and maximizes the use of your funds.

Once you send your credit profile for analysis, the company evaluates multiple aspects to qualify or disqualify your profile.

Tally Alternatives

According to the New York Fed, the US's mortgage balances are about 9.44 trillion US dollars. America also owes the lion's share of about 13.93 trillion US dollars. Moreover, student loans, personal loans, auto loans also make up trillions. If you're one of those under an enormous amount of credit card debt, then Tally and its other alternatives the solution you are looking for.

The following are the best alternatives to the Tally app. They provide somewhat the same functionality and designed to help you save money. However, there are a few different features that each of the following solutions offers for managing credit cards. Keep on reading to find out if it works for you.


Self, formerly known as Self Lender, builds your credit and allows you to save money. Technically speaking, you take a loan from the company based on the prime rate. But there is a catch. You don't actually get the amount until you make your payment.

With a variety of options, you can choose a free plan that Self offers on the terms of 24 or 12 months. As a certificate of deposit, your payment is transferred to the money held in your name. “Self” reports all of your monthly minimum credit payments to major credit bureaus. As a result, you get the money from the CD by getting your loan paid. In turn, it builds a better credit score. Then you can utilize the money you receive to pay your credit cards and debt.


Self offers a free application plan that suits your budget, but the lowest personal loan limit is $25 US per month.


If you want to earn your financial freedom the fastest way possible and eliminate high-interest debt, then Qoins is your single-stop solution. This service rounds up the spending that you make from your credit card to the nearest dollar. It applies the payment towards your outstanding debt to save you some bucks each month.

You can use this application for credit card debt, mortgage debts, student loans, and more. The concept of Qoins is simple. It invests your recurring payments on various purchases you made with different cards in ETFs (Exchange Traded Funds). The application allows its users to pay off their debts two-five years earlier. As a result, it can save thousands of US dollars to its users on interest payments.


Qoins costs you only $1.99 US every month for the service. The system automatically deducts this amount from the payment that you receive from the company. You can also receive financial coaching from the company.


Unbury.Me is a comprehensive service that matches your unique personal finance needs. You can start your journey to getting out of debt by creating an account by accessing their website. Once you add your debts, the system will enable you to curate a suitable payment plan.

Unbury offers you two different options to achieve it, which are as follows:


The Snowball method for managing debt focuses on the lowest balances, then your second lowest balances, and so on. It's the best plan if you want to achieve short-term debt payments.


The Avalanche method focuses on the debts that have the highest interest or prime rates. It further moves on by managing the debts with the second-highest interest rates and so on. It is best for those who want to save a lot of money in the long term.


Unbury.Me is completely free to use.

Bottom Line

The Tally app is completely free to use, which you can start utilizing today. It's a simple alternative to debt consolidation and a handy solution for those who sometimes forget to make a minimum payment. Tally can only make money by providing its users with lower interest rates than they are currently paying on their credit cards.

With that said, a balance transfer card or personal loan may go hand in hand with your debt situation. Consider using the Tally app today and look into the other options that we have mentioned before making your decision.

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