[toronja]

Jason here again. Tally is like a self driving car for your credit cards. Here's how it might have played out for you if you had had Tally before, during, and after carrying a balance.

1. Before you carried a balance ($0 Balance) -Tally is free to use and pays all your cards for you every month. This means that instead of keeping track of multiple payments and due dates, you make just one payment to Tally. No more late fee anxiety. Easily manage all your cards in a single app.

2. During balance building (building up to your $15K balance) -Since you lost your job, you no longer choose to pay 100% of what you spend every month. Instead, you just pay pay your Tally minimum and your Tally balance grows. -Instead of paying 13% APR to your credit cards, your balance is held with Tally at a lower APR. I obviously don't know your credit score, so I can't say what your Tally APR would be, but for me my best credit card APR is 13.24% and my Tally APR is 8.90%. So assuming you qualify for the same Tally APR as I do, you'd save $500-$600 in interest.

3. During balance paydown (paying down your $15K balance) -Since you now have a job, you start paying more than the Tally minimum. -Tally continues to pay your cards on-time for you, and you just make one payment to Tally. -Eventually you pay your Tally balance down to $0.

4. After balance paydown ($0 balance) -Tally continues to pay and optimize your credit cards. Tally is free to use, protects you from late fees, and is the easiest way to manage all your cards.

[physcab]

Ah ok. Makes sense. I remember searching for a low interest loan because I knew I would be able to pay it back and thought 13% was ridiculous for such a credit worthy individual (credit score 760). Thanks for taking the time to answer, it is definitely a cool product!