Tally has shut down and is not taking new customers. The app that paid off credit cards with a lower-rate line of credit closed in August 2024. Its website now redirects to Happen Bank, where the page reads “Tally is no longer available.” If you still owe money on a Tally line of credit, that page says to call SST at (833) 977-0334.
This page used to explain how to sign up for Tally. That is no longer possible, so it now does two jobs. If you came here because you want what Tally did, a lower rate on your card balances and one payment to keep track of, it walks through the ways to get that result now, starting with a fixed-rate loan from SoFi or Upstart. If you still have a Tally line of credit, it covers what the company told borrowers and who to call.
Tally at a glance
| Detail | What we found |
|---|---|
| Status | Shut down. Not taking new customers |
| What it was | An app that paid your credit cards with a line of credit, then collected one monthly payment from you |
| Closed | August 2024 |
| Last published terms | 12.99% to 29.99% APR on credit lines of $2,000 to $20,000 |
| Who issued the credit lines | Cross River Bank or Tally Technologies, depending on your agreement |
| Questions about an existing loan | Call SST at (833) 977-0334, according to Happen Bank’s Tally page |
| Who owns the technology | LendingClub, now called Happen Bank, and Pagaya bought it in October 2024 |
| What comes next | Happen Bank says Tally’s features are “coming soon” to its DebtIQ tool. It gives no date |
Sources: Happen Bank’s Tally page, read for this update, Tally’s own website as saved by the Internet Archive on August 13 and August 16, 2024, and the October 9, 2024 announcement from LendingClub and Pagaya.
What happened to Tally
The short version: Tally ran out of money. It moved away from lending directly to consumers, tried to sell its software to other companies, and closed four months later. Here is the sequence.
- 2015. Tally Technologies starts up in San Francisco. Its app links your credit cards, offers a line of credit at a lower rate and uses it to pay the cards down.
- April 2024. Tally says it will move away from lending directly to consumers and offer its technology through other companies instead, according to TechCrunch and Banking Dive.
- August 12, 2024. Chief executive Jason Brown announces on LinkedIn that Tally is shutting down because it could not raise the money it needed to keep operating. TechCrunch reports it the same day.
- By August 16, 2024. Tally’s website is replaced by a closing notice. The Internet Archive’s copy from that date reads, “Unfortunately Tally is closing its doors.”
- October 9, 2024. LendingClub and Pagaya announce that they have bought the intellectual property behind Tally. LendingClub later tells shareholders the technology will go into DebtIQ, its debt monitoring tool.
- As of this update. LendingClub now operates as Happen Bank, and meettally.com redirects to a Happen Bank page. The original Tally app is gone from the App Store and Google Play. Both of its old listings return a “not found” page.
Sources: Tally’s closing notice as saved by the Internet Archive, the LendingClub and Pagaya announcement, Happen Bank’s Tally page, LendingClub’s April 2025 proxy statement, and reporting by TechCrunch and Banking Dive.
How Tally worked
Tally was built for people carrying balances on several credit cards. You linked your cards, and Tally ran a soft credit check that did not affect your score. If you qualified, it offered you a line of credit.
Tally then used that line to pay the cards that charged more than it did, and you made one monthly payment to Tally. It also offered late fee protection on linked cards for members whose Tally account was current.
The last version of Tally’s website listed APRs of 12.99% to 29.99% on credit lines of $2,000 to $20,000, with a rate that moved with the Prime Rate. Credit lines were not available in every state.
The saving came from the gap between the two rates, and by Tally’s own numbers the gap was modest. In figures it calculated in September 2023, its average member paid 20.49% on the Tally line against 25.99% on their cards. That is a 5.5 point cut. It helps, but it is still borrowing at more than 20%.
How to get the same result today
Tally did two jobs. It swapped a high card rate for a lower one, and it made the payments for you. Nothing below is a copy of Tally, but each option does at least one of those jobs. What it costs depends on your credit, so a stronger credit score widens your choices.
| Option | How it cuts the cost | What to watch | Best for |
|---|---|---|---|
| Debt consolidation loan | One fixed-rate loan pays off the cards. Banks averaged 11.86% on 24-month personal loans, against 22.15% on card balances | Origination fees and long terms | Good credit, and a balance you can clear in two to five years |
| Balance transfer card | A 0% intro APR for a set period, such as 15 or 21 months | The transfer fee, and the rate after the intro period | A balance you can clear before the intro period ends |
| Credit union loan | Federal credit unions are capped at 18% APR on most loans | You have to be eligible to join | Fair credit, or current members |
| Debt management plan | One payment through a nonprofit credit counselor. Card issuers typically lower your rates | Setup and monthly fees are likely, and you close your cards | Payments you are struggling to keep up with |
| Do it yourself | Extra money goes to the card with the highest rate, and autopay covers the rest | Your rates stay where they are | Smaller balances, or no new credit |
Average rates are the Federal Reserve’s commercial bank figures for the second quarter of 2026, from its G.19 consumer credit release dated September 8, 2026. The 18% ceiling is the National Credit Union Administration’s and runs through September 10, 2027. The intro periods are from Discover’s and Wells Fargo’s own card pages at this update.
MoreHow much debt is too much? 4 tests to check yours
A debt consolidation loan
This is the closest match to what Tally’s credit line did. You take one fixed-rate personal loan, pay off the cards with it, and repay the loan in equal monthly payments with an end date.
Both lenders below show you a rate with a soft credit check, which does not affect your score. The amounts, APRs and fees are each lender’s own figures as of this update. They can change, so confirm them on the lender’s page before you apply.
SoFi
Best for paying your cards directlyClosest to Tally SoFi can send the loan straight to your card issuers through its Direct Pay option, and it takes another 0.25% off your rate if at least half the loan goes to creditors that way. No origination fee is required, and there are no late fees. If you are new to SoFi and apply through its invite page, you get a $300 bonus after your loan funds.
- Pays your card issuers directly
- No required fees and no late fees
- $5,000 minimum loan
- Lowest rates need strong credit
SoFi’s page lists “Fixed rates from 6.99% APR to 35.49% APR,” a range that includes its 0.25% autopay discount and 0.25% member discount, and says its rates were current on the day of this update. SoFi says its APR reflects an origination fee of 0% to 7%, which is deducted from the loan proceeds, and that no origination fee is required. Lowest rates are reserved for the most creditworthy borrowers. Direct Pay is subject to lender approval and is not available for all credit cards. To get the 0.25% Direct Pay discount you must choose the option when you select your loan terms and send 50% or more of the loan directly to eligible creditors. SoFi says it takes about 3 business days for a creditor to receive payment, and you are responsible for payments due in the meantime. The $300 bonus requires keeping the loan active and in good standing for at least 90 days and is not available to Vermont residents. Loans are originated by SoFi Bank, N.A., Member FDIC. See SoFi’s personal loan page for current rates and terms.
Upstart
Best for smaller balancesWhy it is here Loans on Upstart’s marketplace start at $1,000, so it fits a balance that is too small for SoFi. Its model looks at factors such as your education and employment, not only your credit score.
- Loans from $1,000 in most states
- No prepayment fee or penalty
- An origination fee can come out of your loan
- Only 3 or 5 year terms
Upstart is not the lender. All loans on Upstart’s marketplace are made by regulated financial institutions. The full range of available rates varies by state, and the lowest rates are only available to the most qualified applicants. Representative example: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 19.08% and an 8.15% origination fee of $815, for an APR of 23.37%. In this example, the borrower will receive $9,185 and will make 60 monthly payments of $261. APR is calculated based on 5-year rates offered in June 2026. There is no down payment and no prepayment penalty. Minimum loan amounts vary by state: GA ($3,100), HI ($1,500), MA ($7,000). Your loan amount and APR will be determined based on your credit, income and other information in your application. Not all applicants will be approved. See Upstart’s personal loan page for current rates and terms.
Rates, fees and terms are set by each lender and can change. Your rate depends on your application, and not everyone is approved.
If your credit score is under 600, expect offers near the top of those ranges, which is usually more than your cards charge. Read how to get a personal loan with a credit score under 600 before you apply.
How to tell if a loan saves you money
It comes down to three numbers: the APR, the term and the origination fee. Here is how each one moves the math on a $6,000 card balance, using the Federal Reserve’s latest average rates.
| Scenario | Monthly payment | Paid off in | Total interest |
|---|---|---|---|
| Leave it on the card at 22.15% | $282 | 28 months | About $1,690 |
| 24-month personal loan at 11.86% | $282 | 24 months | $769 |
| Same loan rate over 60 months | $133 | 60 months | $1,983 |
Our math, not a quote. The rates are the Federal Reserve’s second quarter 2026 averages for credit card accounts charged interest and for 24-month personal loans at commercial banks. We used the standard loan payment formula with a monthly rate of one twelfth of the APR, no new purchases and no origination fee. The card row uses the same $282.05 payment, and its last payment is smaller. Card issuers calculate interest daily, so real figures will differ a little.
Start with the APR. In the first month, the card charges $6,000 × 22.15% ÷ 12, which is $110.75 in interest. The loan charges $6,000 × 11.86% ÷ 12, which is $59.30. The payment is the same, but the loan sends $51.45 more of it to the balance in that first month alone. That is why the loan is done in 24 months with $769 of interest (24 payments of $282.05 come to $6,769), while the card takes 28 months and about $1,690.
Now the term. Stretch the same loan to five years and the payment drops to $133, which feels like a win. But 60 payments of $133.04 come to $7,983. That is $1,983 in interest, more than you would pay by leaving the balance on the card and sending it $282 a month. A lower payment is not the same as a lower cost.
Then the origination fee. Some lenders take a fee out of the loan before the money reaches you. Upstart’s own example uses an 8.15% fee. At that rate you would have to borrow about $6,532 to end up with $6,000, and the $532 fee would eat more than half of the interest saved in the table. The APR already counts the fee, so compare APRs, not interest rates.
One last check. The loan only helps if its APR is lower than the rate on your cards. Upstart’s example loan carries a 23.37% APR, which is higher than the 22.15% card average. If that is the offer you get, the loan does not save you money. Here is more on whether debt consolidation is a good idea and when it backfires.
A balance transfer card
A balance transfer card lets you move card debt to a new card with a 0% or low introductory rate. If you can clear the balance inside the intro period, it can beat any loan, because during that time every dollar you pay goes to the balance.
The card sets the intro period. As of this update, Discover advertises 0% for 15 months on its balance transfer offer, and Wells Fargo advertises 0% for 21 months on its Reflect card. Both say a balance transfer fee applies. Both switch to a variable rate afterward: 17.74% to 26.74% at Discover, and 17.74%, 24.24% or 28.49% at Wells Fargo.
The fee is the cost to watch. The Consumer Financial Protection Bureau (CFPB) says it is usually a percentage of the amount you transfer or a fixed amount, whichever is more. On $6,000, every 1% of fee is $60, so read the card’s terms for the exact figure before you apply.
Three rules keep a transfer from backfiring. Divide the balance by the number of intro months and pay at least that much. On $6,000 over 15 months, that is $400 a month. Keep new purchases off the card, because the CFPB warns that you lose the grace period on them until the whole balance is paid. And do not pay late. If you are more than 60 days late, the issuer can raise your rate on everything, including the balance you transferred.
You generally need good credit to be approved. The CFPB notes that if debt problems have already hurt your score, you probably will not be offered the low rates.
A credit union loan
Credit unions are worth a quote because of a rate cap that banks and online lenders do not have. Federal credit unions cannot charge more than 18% APR on most loans. The National Credit Union Administration has kept that ceiling in place through September 10, 2027. That is about half the top of the online lenders’ ranges above.
The catch is membership. You have to be eligible to join, usually through your employer, a family member, where you live or a group you belong to. Here is how credit unions compare with banks, and our review of Navy Federal’s debt consolidation loan shows what one large credit union charges.
A nonprofit debt management plan
If you are struggling to make the payments at all, a new loan may not be the answer. A debt management plan, run by a nonprofit credit counseling agency, is built for that situation. It is also the one option here that does both of Tally’s jobs.
The CFPB describes it this way: you make a single payment to the credit counseling organization each month, and it pays each of your creditors. The National Foundation for Credit Counseling (NFCC) says a plan runs 36 to 60 months, and that creditors typically lower your interest rates and waive fees while you are on one.
It is not free and it is not painless. The NFCC says you will likely pay a setup fee and a monthly fee, with waivers based on income, and that you will have to close some or all of your credit cards. The Federal Trade Commission (FTC) adds that you may have to agree not to apply for or use more credit until the plan is finished.
The counseling itself is free at an NFCC member agency. The CFPB’s advice is to get any fees quoted in writing and to avoid a counselor who pushes a plan before taking a hard look at your finances. You can find a counselor through the NFCC or the Justice Department’s list of approved agencies.
Do it yourself: avalanche or snowball, plus autopay
You can copy most of what Tally did without opening anything new. Tally’s app let you choose a payoff strategy, such as paying your highest-rate cards first. You can run the same play by hand.
The CFPB names two methods. With the highest interest rate method, often called the avalanche, you pay the minimum on every card and send everything extra to the card with the highest rate. It is the one that saves the most money. With the snowball method, the extra goes to your smallest balance first, so you see a card disappear sooner. The CFPB notes you may pay more in the long run that way.
Then replace the part of Tally that protected you from late fees. Set up autopay for at least the minimum on every card, on each issuer’s own site, and put the extra payment on a recurring transfer so the plan runs without you. It is also worth one phone call per card. The CFPB says some creditors will lower your rate, waive certain fees or move your due date if you ask.
For a full plan, see how to pay off debt fast, or follow our step-by-step plan for a $5,000 card balance.
Be careful with debt settlement companies
Not every company that advertises debt consolidation is offering a loan. The CFPB warns that many of them are actually debt settlement companies, and that is a different thing from everything above.
A settlement company does not lower your rate. It typically tells you to stop paying your cards and put money in a separate account while it tries to negotiate a smaller payoff. The CFPB’s warning is blunt: “Debt settlement may well leave you deeper in debt than you were when you started.” While you wait, late fees and interest pile up, your credit takes the hit, and a creditor can sue you.
The FTC’s rule is simple: “A debt settlement company can’t collect its fees from you before they settle your debt.” Avoid any company that asks for money up front, guarantees a result or tells you to stop talking to your creditors. Forgiven debt can also count as taxable income.
If you are already behind and weighing one anyway, talk to a nonprofit credit counselor first. Our comparison of debt relief companies covers how these programs work and their pros and cons.
If you still have a Tally line of credit
Your debt did not disappear when Tally closed. The balance is still owed, and someone is still collecting it.
Tally’s closing notice told credit line holders to keep making payments through the app while it moved the servicing of their accounts to another company, and said members would get the details directly. Today the only public pointer is on Happen Bank’s Tally page, which says to call SST at (833) 977-0334 with questions about a Tally loan. The page does not say what SST stands for or when the handoff happened, and we could not find a public statement that does.
What to do now
- Call the number on Happen Bank’s page. Check it against Happen Bank’s Tally page first, then call (833) 977-0334. Ask who services your account, what you owe, your current APR and how to pay. Ask for the answers in writing, and keep your agreement and statements.
- Do not stop paying because the app is gone. A closed app does not cancel a loan, and missed payments can end up on your credit reports.
- Check your credit reports. You can pull all three for free once a week at AnnualCreditReport.com, the only site the Federal Trade Commission says is authorized to provide them. Find the Tally account and see who is reporting it and what balance they show.
- Check the cards Tally used to pay. With Tally closed, nothing is paying your credit cards for you. Log in to each card and set up autopay for at least the minimum.
- Complain if you cannot get answers. You can submit a complaint to the Consumer Financial Protection Bureau. It forwards the complaint to the company and asks for a response, and it says most companies reply within 15 days.
- Watch for scams. A shutdown attracts fake “loan forgiveness” and “account recovery” offers. Nobody legitimate needs a fee up front to tell you who holds your loan.
One more thing to do on that call. Tally’s rates moved with the Prime Rate and ran as high as 29.99%. If the APR on your line is higher than what a fixed-rate loan would cost you now, paying the line off with one is an option. The loan math above shows how to tell.
Is Tally coming back?
Not as Tally. Its web address now leads to Happen Bank, the new name of LendingClub, and the page there says, “Everything you loved about Tally coming soon with DebtIQ.” It collects email addresses for news of a launch and gives no date.
DebtIQ itself already exists. Happen Bank’s help center describes it as a free tool for its members, with a dashboard that shows your debt in one place, linked credit cards, credit reports, a credit score, credit monitoring and a score simulator. The help pages we read do not mention the piece that made Tally different: a line of credit that pays your cards for you.
Happen Bank does make personal loans, including loans for paying off credit cards. We cover those in our Happen Bank personal loan review. We will update this page when Happen Bank says more about DebtIQ.
Tally FAQ
The closest replacement is a fixed-rate personal loan that pays off your cards. SoFi lends $5,000 to $100,000 and can pay your card issuers directly, and Upstart lists loans from $1,000 to $75,000 on its marketplace. Both show you a rate with a soft credit check. The loan only saves money if its APR is lower than the rate on your cards, so compare that number and any origination fee first. A balance transfer card, a credit union loan or a nonprofit debt management plan can also do the job.
No. Tally shut down in August 2024 and is not taking new customers. Its website now redirects to a Happen Bank page that says Tally is no longer available, and the original app is no longer in the App Store or on Google Play.
Tally ran out of money. Its chief executive announced on August 12, 2024 that the company was shutting down because it could not raise the funding it needed. In October 2024, LendingClub and Pagaya bought the technology behind it. LendingClub now operates as Happen Bank.
Happen Bank’s Tally page says to call SST at (833) 977-0334 with questions about a Tally loan. Tally’s closing notice said it was moving the servicing of credit lines to another company. Your balance is still owed, so keep paying, and check your credit reports to see who is reporting the account.
No. The original Tally app has been removed from the App Store and Google Play. The App Store now lists a different app called Tally: Debt & Budget Tracking. Apple’s listing shows it was released on September 10, 2026 by an individual developer, and describes it as a tracker that keeps your data on your device and does not connect to your bank. Nothing on the listing ties it to Tally Technologies, and it is a budgeting and debt tracker, not a lender. Most other apps named Tally in the App Store are tally counters.
Tally was a real company, not a scam. Tally Technologies was a licensed lender, and its credit lines were issued by Cross River Bank, Member FDIC, or by Tally itself. It closed because it ran out of funding. Today, be careful with anything using the Tally name that asks for a payment or your personal details, and check any contact against Happen Bank’s Tally page.
Partly. Happen Bank, formerly LendingClub, bought Tally’s technology and says Tally’s features are coming soon to DebtIQ, with no date. Today DebtIQ is a free tool for Happen Bank members with a debt dashboard, credit reports, a credit score and credit monitoring. The help pages we read do not mention a line of credit that pays your cards.
Not one we can point to that does both things Tally did: lend at a lower rate and pay your cards for you. Apps that plan and track a payoff are still around, but they do not lend. For the lower rate, you need a loan, a balance transfer card or a debt management plan.
