We calculated the interest users would pay if they had received and accepted a Tally+ line of credit and compared that to the interest they would pay without Tally until their credit card balances are fully repaid. Actual pay-off rates will vary based on factors such as each user’s credit card APRs, the total payments made, and additional credit card charges.Ģ Can save $4,185 in 5 years with Tally+ – We calculated the savings estimates in March, 2021 based on Tally’s records for borrowers who enrolled in Tally from November 2018 through October 2020. We assumed the borrower received Tally+ discount credit every month. For each borrower we used: (a) their average APR weighted by their initial credit card balances and APRs (b) an average monthly payment of 3% of their credit card balance(s) and (c) average monthly credit card transactions of 0.8% of their credit card balance(s). We compared how long it would take for a user to pay off their credit card debt if they had received and accepted a Tally+ line of credit and compared that to how long it would take for a user to pay off their credit card debt without Tally.
We calculated the estimates in March 2021, based on Tally’s records for borrowers who enrolled in Tally from November 2018 through October 2020. The stated estimates reflect potential time to pay off debt for an appreciable number (at least 10%) of Tally+ line of credit users. Privacy Policy - Terms & Conditions - Accessibilityġ Up To 2x Faster with Tally+ – 50% of Tally+ members can get out of debt about 3 years, or 41%, faster with Tally+. The APR will vary with the market based on the Prime Rate. Based on your credit history, the APR (which is the same as your interest rate) will be between 7.90% - 29.99% per year. To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit.
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Loans made by Tally pursuant to California FLL license or other state laws. Lines of credit not available in all states. ("Tally"), as noted in your line of credit agreement. Lines of credit issued by Cross River Bank, Member FDIC, or Tally Technologies, Inc. ( NMLS # 1492782 NMLS Consumer Access, ).
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