Tally Review
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Tally Reviews

Andrew Omalley


Andrew Omalley

Help with pay off credit card debt
Help with pay off credit card debt
About Tally

Tally is a company that focuses on providing lines of credit to people who are looking to pay off credit card debt. The California-based company has been in the business since 2015 and has a very useful platform that allows you to easily manage your line of credit. While it has a more niche focus than other providers of personal loans, there is a lot to like about Tally.









Tally Personal Loans Review

Tally allows you to manage your credit card debt in a much easier fashion, often allowing you to save money in interest over the course of time. Everything can be managed through the useful Tally app and you have a great level of flexibility with the line of credit option.

Tally Personal Loans Highlights


$2,000 - $25,000


12-36 months




7.9% - 29.9%


1-2 days











Pros & Cons

  • APRs are often competitive
  • Easy to use mobile app
  • Offers a personalized strategy
  • No hard credit check
  • Must pay an annual fee of $300
  • No Better Business Bureau accreditation

Personal Loans Types

  • Secured Personal Loans
  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans
  • Variable-Rate Personal Loans
  • Co-singer / Joint loans

Loan Purpose

  • Credit Card Refinance

Tally Personal Loans Terms & Requirements

The exact APR that you get for a Tally line of credit is going to be dependent on your credit score and certain other factors. Rates can be quite competitive at the lower end. The credit line will be revolving, which means that it can stay open for as long as you want.

The option to pay off the line of credit is through monthly repayments or through a one-off payment. No origination fees, prepayment, or balance transfer fees will be charged by Tally. There is a $25-a-month charge you need to pay from the credit line.

How to Apply

Step 1

Qualification Requirements

  • You need to be at least 18 years old
  • US visa holder or citizen
  • Currently employed
  • Credit score of at least 580

Required Information

  • Full name
  • Home address
  • Social Security Number
  • Annual income

Application Steps & Time Frames

The application process at Tally is a bit different than what other personal loan lenders require of you. You will initially need to sign up for a Tally account and add your relevant credit cards. Tally will see if you are then eligible for a line of credit. There is no hard credit check conducted at this point in time.

Once Tally is happy to proceed and you want to go ahead too, Tally will enact a line of credit to pay off all your high-interest credit cards. The goal is to help you save on interest payments. You will then make a monthly payment to Tally. The entire process is very quick, so you can often obtain a line of credit within 24 hours of applying.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.

Not Available - Nevada, Vermont, West Virginia.

Privacy & Security

Tally has a privacy policy available on their website which covers in detail how it protects your personal information.

In essence, Tally never stores your banking usernames or passwords, and they never sell your data. On top of that, they use 256-bit encryption to keep your information safe. To review scroll down to the footer and click the Privacy Policy link.

Customer Support

The customer support team at Tally will be reachable five days a week via live chat, email, telephone, and social media. You also will have access to plenty of resources that walk you through all key aspects of the Tally offering. Useful tutorial videos walk you through all aspects of getting a line of credit and how you can manage this loan.

Phone Support
8am-5pm PT

In Conclusion

Tally is going to be an ideal fit for people who are looking to consolidate multiple forms of credit card debt into one loan and/or looking to get an overall more competitive rate of interest. There are great tools available to help you manage your line of credit, which is why a lot of people choose Tally.


Does Tally charge any fees?
While you can use the app for free, there is an annual fee you need to pay if you get a line of credit.
Is there a hard credit check conducted by Tally?
You will not be subject to a hard credit check when you are getting approval for a line of credit.
Does Tally operate in every state?
Tally operates in every state except for West Virginia, Vermont, and Nevada.

Tally Disclaimer

Tally is a platform that provides solutions you can use to help manage your credit cards.

Tally also offers you the ability to manage and pay credit cards linked to your Tally account in a single place. This aspect of the service allows you to make payments to your credit cards from your linked bank account. Tally may charge a monthly fee for this service.

Tally offers a line of credit that can be used to pay off credit card debt. Tally partners with a chartered bank, Cross River Bank, Member FDIC, that will issue the line of credit in some states. Tally may add or change chartered banks with whom we partner.  Your Line of Credit Agreement will identify which company issues your line of credit. With the Tally line of credit, payments will be made directly to your credit card accounts.  If funds are advanced from your Tally line of credit and paid toward a credit card balance, you will make payments of principal and interest to your Tally Account to repay your Tally line of credit. If you qualify for and accept a Tally line of credit, a Line of Credit Agreement, which outlines the terms of the Tally line of credit, will be emailed to you.

Tally may offer you a feature, including without limitation features such as “Tally Advisor,” designed to help you pay off your credit card balances more quickly. Tally Advisor and similar features make payment recommendations based on your balances, APRs, past spending behavior and/or payoff strategy. Although Tally Advisor and similar features consider information unique to you in making recommendations,  we are not aware of all your facts and circumstances and our recommendations are only suggestions for managing your credit card debt, not promises or guarantees. The amount and timing of any payment to your credit card is ultimately your responsibility. Please note that some features are being developed and may not be available to all users or on all platforms.


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Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.