What is breathing space?
If you're getting contacted by lenders about missed payments it's easy to feel overwhelmed. Breathing space is a 30 day period of time where your lenders agree to stop their collections calls, letters and emails. You can use this time to get your money in order and find a plan that helps you get back on track with your payments.
If your lenders agree to breathing space, they may still contact you within this time.
Does building a budget with Tully affect my credit score?
No. We do a soft search of your credit file to save you time by gathering information about your credit cards, loans and any arrears. This will not affect your credit score.
How do I complete a Tully budget?
There are three steps to complete a Tully budget.
- Step 1, tell us a little bit about you and your circumstances
- Step 2, share your online bank statements with us
- Step 3, build your budget
What do I need to have to hand?
All you need is your bank app or whatever normal method you use to log into your online banking.
How do you make money?
We never make any money from our customers. (we don't believe that can ever be right.) If a customer enters a Tully FlexiPlan then their lenders pay us a small amount to manage repayments on the customers' behalf.