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Tally
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| Community Rating |
Rating not yet determined |
| Loan Amount | $2,000 - $25,000 |
| APR (Variable APR) |
7.90% - 29.99% (Verified 10/11/2022)
|
Tally Review
Tally is offered through Tally Technologies, a financial services company founded in 2015 and based in San Francisco, CA. Tally are available in 47 states (and Washington, DC).
Tally FAQ
What APRs does Tally offer?
Tally offers a variable APR product that ranges from 7.90% APR up to 29.99% APR.
Does Tally charge an origination fee?
No, they do not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the Tally charge a cash advance fee?
No, they do not charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.
Does the Tally charge a statement balance fee?
No, this lender does not charge a statement balance fee.
Does Tally charge a late fee?
No, they will not charge you a late fee.How much can you borrow via Tally?
Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $2,000 and as much as $25,000. .
| Cash Advance Fee | N/A |
| Origination Fee | 0% |
| Prepayment Fee? | No |
| Late Payment Fee | No |
| Statement Balance Fee | No |
What do you need to qualify for Tally?
Applicants with a credit score of at least 580 and up to 850 may be eligible for Tally. The minimum age to be eligible is 18 or the state minimum, whichever is higher.Tally does not have or does not disclose a minimum annual income eligibility requirement.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Tally. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Tally. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Government issued photo ID
- Proof of identity
Does Tally report your account activity to credit bureaus?
Yes, Tally reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Is Tally Technologies a legit company?
Tally was founded in 2015. It is an established company that has been in business for 8 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
How to apply for Tally
- Visit the website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit. Based on your credit history, the APR (which is the same as your interest rate) will be between 7.90% - 29.99% per year. The APR will vary with the market based on the Prime Rate. Annual fees range from $0 - $300.
The estimated monthly payment is based on 3% of your offered credit line. Your actual monthly payment may fluctuate each month and could be more depending on your APR, outstanding principal balance, payments made to your credit cards from you credit line, annual fees, and any missed payments.
Contact
- Headquarters
-
P.O. Box 411165
San Francisco, CA 94141 USA - Visit Site
- Email Support
About Tally
Availability
- 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
- Washington, DC
- Wisconsin
- Wyoming
Feature Breakdown
| Annual Fee | $0 - $300 |
| No Late Fees | |
| No Origination Fee | |
| No Prepayment Fee | |
| Origination Fee ($) | $0 |
| Origination Fee (%) | 0% |
Tally Community Reviews
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