Billshark is the best service for negotiating bills. It offers a simple, easy to use interface with no hidden fees or contracts. It’s free for users and it has no limit on the number of bills that can be negotiated.
Bill negotiation services are an alternative to the traditional way of doing things. They allow you to negotiate with your creditors for a better deal on your bills.
Did you know that by renegotiating with service providers, you may save a lot of money on your monthly bills? All you have to do is be willing to pick up the phone and start talking.
Unfortunately, many of us are either unaware that this is possible or lack the necessary skills, time, or confidence.
Trim and Billshark, for example, may assist you by making these unpleasant phone calls for you.
How do you decide which platform to utilize, though? In this Trim vs. Billshark comparison article, we look at the differences between the two platforms and see how they compare. Let’s get started.
Trim vs. Billshark: A Comparison
Trim and Billshark both claim to be able to save you money on your bills. Trim does this by analyzing your spending patterns and making suggestions based on technology. Billshark employs a manual method that is as successful.
What Exactly Is Trim?
Trim is a program that helps you manage your money. It assists you in saving money by negotiating bills, recognizing recurring payments, and giving users with a high degree of financial visibility.
The business has a proven track record. Since its inception in 2015, it claims to have saved customers over $40 million.
The fact that it isn’t an app is what sets it apart. Instead, it’s a chatbot with whom you may interact through Facebook Messenger or text message. The bot offers saving suggestions based on your spending habits, and you may tell it what to do with your responses.
To discover more about Trim, read our entire Trim review.
Trim is the source.
What Is Billshark and How Does It Work?
Billshark is a service dedicated only to canceling and renegotiating your bills. To accomplish this, the business employs a staff of experienced negotiators, and it claims that the typical customer saves $479 per year.
The business is well-known. Mark Cuban, one of the investors on the famous reality TV program Shark Tank, has supported it. Forbes, the Wall Street Journal, and CBS News have all covered it.
In the second part of 2020, the platform will release an app. Customers may use the app to keep track of their savings and get insight into the bill negotiating process.
There is also a totally free insurance comparison engine on the site. To discover more, read our Billshark review in its entirety.
Trim vs. Billshark: What’s the Difference?
Trim and Billshark, while offering comparable services, operate in distinct ways. Here’s a summary of what each one entails.
Trim requires an online registration. You will be asked to link the service to your Facebook Messenger account or phone number throughout this procedure so that it can interact with you.
You must also link your bank account in order for the system to evaluate your spending patterns. The program may alert you to recurrent payments and offer savings suggestions if you let it view your transactions.
When Trim detects a savings opportunity, it will send you a notification on the platform of your choosing.
Billshark is simple to use. Simply go to the website’s homepage and use the savings calculator. You may then concentrate on reducing your expenses, canceling subscriptions, or comparing insurance providers.
Fill in the information about your service provider and payments after you’ve decided the option you wish to utilize. After that, Billshark calculates your savings.
If this figure appeals to you, you must submit details about your bills for the Billshark staff to consider while negotiating. Should the team successfully negotiate a savings, you’ll also need to provide a credit card number to pay for your commission.
When Billshark is successful, it takes 40% of the entire money saved up front. If Billshark is unable to save you money, it will not charge you.
Billshark does not need you to link your bank account. While you won’t be able to use certain automatic services if you don’t link your bank account, this is a nice alternative for people who don’t want to disclose their private information.
Trim vs. Billshark: How to Sign Up
Trim and Billshark are both extremely simple to use. The steps are as follows:
Sign Up for Trim
- On the Trim homepage, click the Log In option. After that, select “Create an account,” and you’ll be asked to join up using your Google or Facebook account, as well as your email address.
- Then, link your Facebook Messenger account by entering your phone number.
- Connect your checking or savings account. Trim establishes the connection using Plaid, a secure service.
- You’ve completed the registration process. The program will begin analyzing your spending patterns and will notify you when it finds methods for you to save money.
Sign up for Billshark
- Billshark is accessed via the savings calculator or the registration page.
- You may sign up with an email address, a Google or Apple account, or both.
- You must select the kind of service you want the business to negotiate and submit information about yourself and your bills throughout the registration process.
- You may use the website or the app to upload your bills. Taking a photo using your phone camera and then uploading it to the service is simple when you use the app.
- After that, you must complete your information and confirm your purchase.
- To keep track of how the business is doing, use the app or the web platform.
Billshark is the source of this information.
Trim vs. Billshark: Advantages and Disadvantages
Trim and Billshark both include features that may help you save money.
Features of the Trim
Trim offers a number of functions that assist customers in saving money. Some features are charged, while others are free; see our table below to discover which features are paid and which are not. The following are the highlights.
- Trim’s most well-known function is its bill negotiating service. Experts from the business will call your cable, internet, or mobile phone provider to see if you can obtain a better price.
- Credit Card Negotiation: The business will attempt to decrease interest and overdraft fees by negotiating your credit card APR.
- Medical Bill Negotiation: Trim can help you with your medical expenses as well. According to the business, it has a 90 percent success record in lowering total bills or placing clients on a no-interest plan.
- Trim looks into your bank transactions to see if there are any reoccurring costs. It then notifies you of them so that you may select whether or not to retain them.
- Automatic Savings: If you have trouble saving money, have Trim automatically send money to a savings account every week. The Trim account pays 4% interest on balances up to $2,000.
- Spending Alerts: When you spend more money than you have in your account, your bank may frequently charge you a large fee. Trim allows you to set up an alert to notify you when your balance falls below a certain threshold.
- Trim will suggest financial accounts and services if it finds one that meets your requirements.
Features of Billshark
The following characteristics are where Billshark focuses its work.
- Billshark will negotiate your monthly costs, including internet, wireless, cable, satellite radio, and other services. Utility, insurance, and credit card bills are not negotiated by the service.
- Service Cancellation: For a charge, Billshark can cancel services on your behalf. Netflix, Audible, Spotify, and other services are among them.
- Insurance Quotes: You may obtain insurance quotes at Billshark. If you like the offer, you contact the insurance company directly to make the transfer.
- Adjustments to your service: Billshark can help you make changes to your account. Upgrade your plan, add additional services, or remove ones you don’t use, for example.
- Savings Trackings: You may use the Billshark app’s savings tracker to keep track of your savings over time.
Trim vs. Billshark: What’s the Difference?
The substantial variations in available features are reflected in the pricing for the two services. Here’s a breakdown of how much each service costs.
Trim offers a premium level tier for $99 per year. This is a significant sum, but according to the business, the typical customer saves more than $1,000. Trim Premium has the following features:
- Phone, internet, wireless, cable, and medical expenses are all up to negotiation.
- Fees for credit cards and bank accounts may be negotiated.
- A savings account that offers 4% interest on up to $2,000 in deposits
- Cancellation of subscription
- Credit card payments that are automated
You may opt to just pay for the latter if you don’t want to pay for the premium service but still want the business to negotiate your costs.
Bill negotiation costs 33% of the overall savings amount in the first 12 months. For example, if the business reduces your monthly expenses by $25, you will save $300 over the course of the year. Trim will thus deduct 33 percent of $300, or $99.
You must determine if the amount you anticipate to save on bills makes Trim Premium worthwhile, or whether you would be better off paying the 33 percent fee.
Trim also comes with a number of complimentary features. Spending alerts and locating and deleting previous subscriptions are two examples.
Pricing at Billshark
The pricing on Billshark is more clear. You pay for the services you wish to use individually. Here’s how much each one will set you back:
- Bill Negotiation: Billshark takes a 40 percent cut of the money you save. It costs $40 if the business saves you $100 over the course of a year.
- Service Cancellation and Adjustments: For a fixed charge of $25, Billshark can cancel or make changes to your account.
- Subscription Cancellation: For a $9 flat charge per subscription, Billshark can cancel Netflix or Spotify subscriptions. According to the business, it has a 98 percent success rate.
The insurance quotation function on Billshark is completely free.
Trim vs. Billshark: Which Is Better?
Trim and Billshark operate on somewhat distinct platforms, which reflects how they operate. Here’s a closer look at each of them.
Platform should be trimmed
Trim may be accessed via a browser on a desktop or mobile device. You may get information about your spending, cancel subscriptions, and manage your account from this page.
Users may also communicate with the service via Facebook Messenger and SMS messages. This is a user-friendly method of interacting with the platform. Simply respond to the recommendations, and the platform will do the rest.
Trim is the source.
Billshark may be accessed through a computer or the company’s mobile app. The software is available on both Apple and Android smartphones, allowing it to be used by the majority of people in the United States.
You can do the following using the app:
- Obtain cost-cutting estimates
- Bills should be uploaded.
- Take control of your account.
- Keep a record of your savings.
- New discussions should be scheduled.
- Keep track of how talks are progressing.
Trim vs. Billshark: Which Is Better?
Trim and Billshark, as you’d expect from businesses that deal with their customers’ money, take security extremely seriously. Here’s a rundown of what each business does to protect your personal information.
Security is being reduced.
Trim uses 256-bit SSL encryption to keep your information safe. This is regarded as one of the most secure encryption methods known.
This means nothing if your account login information isn’t safe. The good news is that two-factor authentication may help you secure your account. Even if a hacker learns your username and password, they will need access to a second device to get into your account.
One of the most common concerns consumers have is giving Trim access to their bank account.
Trim connects to your account through Plaid, a third-party service. This implies that your information isn’t transmitted to Trim’s servers.
Billshark Security is a private security firm.
Billshark, like Trim, encrypts its customers’ data with 256-bit encryption, the same degree of security used by banks.
It utilizes the highest degree of PCI certification possible for its payment service. Your payment card information is never stored or shared by the business.
To perform their work well, negotiators need some access to your data. Billshark claims to have mechanisms in place that emphasize consumer security and provide customers very restricted access to their data.
Billshark does not share your information with anybody else.
Billshark is the source of this information.
Trim vs. Billshark: Which Provides Better Customer Service?
Customer service for financial services must be excellent so that you can receive assistance when you need it. Here’s how Trim and Billshark make sure their clients are taken care of.
Customer service that is lean
Trim offers a comprehensive online help desk that addresses frequently asked questions. If you can’t find the answer you’re looking for, send an email to firstname.lastname@example.org. Sadly, the service does not provide assistance over the phone.
Customer Service at Billshark
Billshark and Trim provide comparable customer service choices. You may either browse the website’s comprehensive FAQ area for solutions to your queries or send an email to the staff. There isn’t a phone number for assistance.
Trim vs. Billshark: Which Do We Prefer?
We adore tools that help us manage our money at The Modest Wallet. As a result, we have a lot of positive things to say about these two money-saving platforms.
Trim’s Positive Qualities
- A premium membership may help you save even more money.
- Numerous cost-cutting features
- Model based on an intuitive chatbot
Billshark’s Positive Qualities
- The platform focuses on bill negotiation.
- Using the app, you can keep track of your money.
- There’s no need to link your bank account.
What We Don’t Like About Trim vs. Billshark
However, no service is flawless. Trim and Billshark have a few flaws that we don’t like.
Trim: What We Don’t Like About It
- The premium service is initially costly.
Billshark: What We Don’t Like
The 40% fee on bill savings is very significant.
Trim and Billshark are both strong tools that may help you save money on bills and services. Using any of these platforms may save you hundreds of dollars over the course of a year, and the absence of upfront fees for negotiating features makes them virtually risk-free.
The disadvantage is that you must factor in the expenses. Is it possible to obtain the same offer by contacting the business directly? Maybe, but it’ll require some time and work. Your skill and desire to bargain on your own will determine the value you get from one of these services.
Trim offers a lot of other functions than bill negotiating, so keep that in mind. Before you join up for any platform, have a look at what’s offered to see if any of them appeal to you.
The free bill negotiation is a service that will help you negotiate with your creditors.
Frequently Asked Questions
How much does trim negotiation cost?
The cost of trim negotiation is $50.
What bills can trim negotiate?
Trim is a type of bill.
Is Experian bill negotiator worth?
The Experian bill negotiator is not worth the money.
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