Tally Review

Tally is offered by Tally Technologies, a financial services company founded in 2015 and based in San Francisco, CA. Tally is available in 19 states (and Washington, DC).

What APRs does Tally offer?

Tally offers a variable APR product that ranges from 7.9% APR up to 19.9% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

Does Tally charge an origination fee?

No, Tally does 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 Tally charge a cash advance fee?

Does Tally charge a late fee?

How much can you borrow via Tally?

Upon approval and based on your credit worthiness, your Tally personal line of credit will be assigned a credit line of at least $0 and as much as $0. .

What do you need to qualify for Tally?

Applicants with a credit score of at least 660 and up to 850 are 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. Tally only considers borrowers who are employed.

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:

• Government issued photo ID
• Proof of identity

Does Tally report your account activity to credit bureaus?

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 can help improve your credit score.

How to apply for Tally

• Visit the Tally Technologies website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.