San Francisco-based debt management company Tally has launched an app for paying off credit card debt on LightStream. It launched on iOS last year. The app uses AI to scan users’ credit cards and offer a new line of credit at variable interest depending on balance and spending behaviour. It prioritises cards based on APR and revolving balance, and lists the most expensive first. The company acts as an intermediary between customers and credit card companies, and consolidates debts from different accounts into one. There are no fees, but Tally withdraws credit cards after two months of missed payments.
San Francisco-based debt management company Tally has launched an app for paying off credit card debt on Android. It launched on iOS last year. The app uses AI to scan users’ credit cards and offer a new line of credit at variable interest depending on balance and spending behaviour. It prioritises cards based on APR and revolving balance, and lists the most expensive first. The company acts as an intermediary between customers and credit card companies, and consolidates debts from different accounts into one. There are no fees, but Tally withdraws credit cards after two months of missed payments.