Credit card debt is like a money-grubbing evil spirit that never goes away and drains your bank account dry.
It’s the most expensive kind of debt you can have. First you start falling behind on your monthly payments. Next thing you know, they’re gouging you something fierce by charging you more than 20% interest on your balance. You end up paying so much interest that you can never pay off what you owe.
If you’re in this boat, you need to check out a mobile app called Tally. It pays off your high-interest credit cards by giving you a line of credit with a better interest rate. You consolidate all your credit card bills into one monthly payment, and you pay less interest.
Depending on how much you owe, you could save hundreds or even thousands of dollars this way. You can also get out of debt faster.
The average American family has four credit cards and more than $6,000 of credit card debt, according to data from Experian and the Federal Reserve. That adds up to a lot of interest, which is how credit card companies make their money.
That’s why the average Tally+ member saves $4,1851 over five years, according to Tally.
No Waiting on Approval
The app starts helping you right away, too.
In the app stores, this app is labeled “Tally: Fast Credit Card Payoff,” and it’s called that for a reason: It’s really fast.
If you are eligible, (you generally need a FICO score of 580 or higher) , you can get a line of credit pretty much immediately. There’s no waiting around, like if you’re waiting to see if a bank approves you for a personal loan. That can take days, or even a week. Tally quickly does a soft credit check that won’t affect your credit score.
Depending on your credit history, your available line of credit will range from $2,000 to $25,000. You don’t pay interest on all that. You pay interest only on the amount of credit you use.
The APRs on Tally’s credit lines range from 7.9% to 29.99%, depending on your…
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