Getting out of credit card debt is a common challenge many of us face when we finally get serious about our money. You’re not alone. So first, stop feeling ashamed or embarrassed about your credit card debt.
Many people have a lot of credit card debt, but most of those are not reading an article right now about getting out of debt. You’re making the first few steps to finally kissing your credit card debt goodbye.
That’s called kicking butt, be proud of yourself.
Now, let’s talk about Tally. It may be able to help you pay off your credit card debt faster.
|1. Manage all cards in one place||1. Requires Good Credit Score|
|2. Never pay late fees again and get help lowering your APR||2. May increase temptation to keep using credit cards|
|3. Helps you pay down your credit card debt faster|
How Tally Works
Tally allows you to organize all of your credit cards in one place and consolidate multiple cards into a single payment. It’s like an automated assistant that will manage your credit cards for you ensuring you’re paying off your debt as fast as possible and that you never miss a payment or get hit with any unnecessary fees.
When you signup for Tally it analyzes all of your balances, payments and interest rates to determine the best approach to paying off your debt. Here’s how to get started.
Step 1 – Download the Tally App and Signup for a Free account.
Step 2 – If you’re approved (see below), Tally will give you a credit line loan (7.9% – 19.9% APR) which it will then use to make payments for you to your credit cards every month.
Step 3 – You make a once a month payment to Tally. The app handles the rest.
Is Tally Right for you?
To qualify for Tally you will need a Credit Score above 660. Tally will run a soft credit check so there’s no impact your credit score. If you don’t know your current credit score. There are options online to get a free credit score.
Finally, you have to be honest with yourself. Tally may pay down the balance on some of your higher interest credit cards. You must then close those cards yourself. If you can not trust yourself to avoid the temptation of adding to your credit card debt, Tally is not for you. Start with managing your spending problems and self-control.
What do you think?
Has Tally helped you? Do you think it’s a good option for getting out of credit card debt? Let me know in the comments below.
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