Apps like Tally

Tally is a consumer debt management app offering credit card payoff strategies and tools — plus a line of credit (LOC), which you can use to pay off your creditors. The credit line has a variable APR, which ranges from 7.99% to 29.99% — based on your credit score — and consolidates your debts into one monthly payment.

But the variable APR means your rate could jump significantly when interest rates rise — for example, from 11% to 18% — reducing the potential savings you originally calculated. If you prefer predictability, a debt consolidation loan with a fixed rate is probably a better choice, especially if you have good to excellent credit.

Our list of apps like Tally includes personal loan lenders that offer competitive, fixed-rate debt consolidation loans and interest-free cash advance apps that can help manage your money better while you pay down debt.

Our 5 top picks for apps like Tally

• Alternative for credit card consolidation: Happy Money
• Alternative for fair credit personal loans: Upstart
• Alternative for avoiding overdrafts: Brigit
• Alternative to credit cards: MoneyLion Instacash
• Alternative for lines of credit: Elastic

Alternative for credit card consolidation: Happy Money

Happy Money

3.8 / 5 ★★★★★

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Happy Money offers fixed-interest personal loans that start at 10.5% APR. Loan amounts range between $5,000 and $40,000 with repayment terms of 2 to 5 years. While its starting rate is higher than Tally's, its fixed interest rate won't change over the loan term.

Happy Money works with lending partners instead of lending directly. These lenders charge an origination fee based on the loan amount, term and your credit score. They deduct this fee from the loan proceeds, so you'll need to apply for a higher amount than you need. On the plus side, Happy Money only charges an origination fee, with no late fees, nonsufficient funds fees or other fees.

• Not available in: Massachusetts, Nevada

Pros

• Accepts fair credit borrowers
• Rates cap out at 29.99% APR
• Borrow up to $40,000

Cons

• Minimum loan amount is $5,000
• Other lenders may have lower APRs
• Charges an origination fee

Loan amount	$5,000 to $40,000
APR	10.50% to 29.99%
Interest Rate Type	Fixed
Min. credit score	640
Turnaround Time	3 to 6 days
Maximum Loan Term	5 years
Minimum Loan Term	2 years

APR	10.50% to 29.99%
Min. credit score	640
Loan amount	$5,000 to $40,000

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Alternative for fair credit personal loans: Upstart

Upstart personal loans

4.15 / 5 ★★★★★

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Upstart is an online lender that offers personal loans that you can use for debt consolidation. It's one of the few lenders that considers non-traditional underwriting criteria like work experience or education. It is aimed at fair and bad credit borrowers with scores as low as 300, with interest rates from 4.6% to 35.99% APR.

Upstart is also known for quick funding — you could get your funds as soon as the same day you apply. But it charges an origination fee of up to 12% on its loans, and the lowest rates and fees go to the best credit borrowers. But if you can secure a lower rate than the average rate of your credit cards combined, you could save money while paying off your debt faster.

• Not available in: West Virginia

Pros

• Fair and bad credit OK
• Considers education and career in underwriting
• No prepayment penalty

Cons

• Origination fee up to 12%
• Only 2- and 5-year terms available
• No mobile app to manage loans

Loan amount	$1,000 to $50,000
APR	4.60% to 35.99%
Interest Rate Type	Fixed
Min. credit score	300
Turnaround Time	1 to 3 business days
Maximum Loan Term	5 years
Minimum Loan Term	3 years

APR	4.60% to 35.99%
Min. credit score	300
Loan amount	$1,000 to $50,000

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Alternative for avoiding overdrafts: Brigit

Brigit

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Brigit is a cash advance app offering payday cash advances up to $250 per pay period with its paid subscription, which costs $9.99 a month. It's not for debt consolidation, but you can use it in conjunction with Tally to get your finances on track, especially if you take advantage of its additional features, like overdraft protection.

Just activate the auto-overdraft feature, and Brigit will monitor your bank account for low balances and advances money to prevent an overdraft. Brigit's paid subscription also includes a free credit builder program and $1 million in identity theft protection. But like other cash apps, same-day transfers come with a fee.

• Available in all states

Pros

• Save on overdraft fees
• Credit builder program included in monthly fee
• Budgeting tools to help you track spending

Cons

• Some complain the service is hard to cancel
• Not all users qualify for a $250 advance
• Same-day transfers cost extra

Loan amount	Up to $250
Interest rate type	Fixed
Loan Term	Varies
Turnaround time	1 to 3 days or same-day in some circumstances

Loan amount	Up to $250
Turnaround time	1 to 3 days or same-day in some circumstances

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Alternative to to credit cards: MoneyLion Instacash

MoneyLion Instacash advances

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MoneyLion Instacash is a feature of the MoneyLion banking app that allows users to borrow up to $500 between paydays. By allowing you to borrow against your next paycheck with its fee-free, interest-free cash advances, you can avoid taking on more credit card debt while paying it down.

You can potentially increase the advance amount to over $500 by signing up for MoneyLion's credit builder program for $19.99 a month or by setting up direct deposit with MoneyLion's banking account called RoarMoney. But instant transfer fees run high, making MoneyLion best for people who can wait two or three days for a transfer.

• Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming

Pros

• May be able to increase advance amounts
• Regular transfers are free with no tipping required
• Can defer payments up to two weeks

Cons

• Instant delivery costs between $1.99 and $7.99
• Instant transfer fees can add up quickly
• A pattern of customer complaints

Loan amount	$50 - $500
Interest rate type	Fixed
Loan Term	Varies
Turnaround time	3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account

Loan amount	$50 - $500
Turnaround time	3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account

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Alternative for lines of credit: Elastic

Elastic line of credit

3.2 / 5 ★★★★★

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• Overview
• Pros & Cons
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Elastic is an online lender that offers same-day turnaround to eligible borrowers. Its lines of credit stretch from $500 to $4,500 and offer fast funding for emergencies. Once the line is open, you just request a cash advance online. But this convenience and speed come at a cost.

Each cash advance sets you back a 5% or 10% cash advance fee, depending on your billing cycle. You must also pay a portion of your cash advance each billing cycle, and if your carried balance is more than $10, Elastic charges you a fee between $5 and $350. Despite the costs, many customers give Elastic good reviews online.

• Not available in: Colorado, Connecticut, Georgia, Hawaii, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, West Virginia

Pros

• Positive customer reviews
• Same-day funding in some cases
• Can help boost your credit score
• No hidden fees

Cons

• Costs can run high
• Not available in all states
• No Android app

Loan amount	$500 - $4,500
Interest rate type	Fixed
Loan Term	Up to 10 months
Turnaround time	1+ business day

Loan amount	$500 - $4,500
Turnaround time	1+ business day
Online application	Yes

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How does Tally compare?

Tally calls itself a “debt-fighting” app and claims it can help members save thousands in interest with its debt reduction tools and strategies. It also offers a credit line of up to $30,000 that you can use to pay off credit cards — but with a variable APR, you could end up paying more than you bargained for.

If you prefer payment predictability, a fixed-rate debt consolidation loan could be better for paying off your credit card debt. Read our full Tally review to learn more about its benefits and drawbacks.

More alternatives to payday and installment loans

We didn’t include payday and short-term installment loans as alternatives to Tally, as they’re considered predatory and come with sky-high interest rates.

Consider that:

• A typical $375 payday loan comes with $520 in fees because of repeat borrowing.
• The average APR on a payday loan can reach as high as 650% in states with no protections against predatory short-term lenders.
• While payday loans are designed for one-time emergencies, about 70% of borrowers use them for recurring costs like utilities and bills.
• Most payday loan borrowers stay in debt for at least 11 months.

For short-term borrowing, cash advance apps are a cheaper option, as they never charge finance fees or interest on what you borrow.

If you prefer not to use a payday lender or cash advance app that monitors your bank account for direct deposit activity, consider these other options for accessing cash:

• Credit card cash advance. Credit card cash advances are a fast and convenient way to access cash at an ATM or bank counter. Cash advance fees run high, so it’s best to limit how often you use them. Compare the best credit cards of 2023.
• Personal loan. If you need to borrow more than $500, compare personal loan providers with Monevo to narrow down the best offer from multiple lenders based on your credit score.
• Buy Now Pay Later (BNPL) app. BNPL apps let you purchase items you need today and pay them off later. Discover the best BNPL apps offering low fees and interest.
• CDFI loan. These are small-dollar, short-term loans at a lower cost than from a payday lender. They’re available from Community Development Financial Institutions (CDFIs).
• Employer advance. If you need funds before payday, your employer may be willing to advance part of your paycheck.

Our payday loan alternatives guide offers even more low-cost options to Tally for accessing cash to cover emergency expenses.