Lately, it feels such as you pay recurring payments for all the pieces. On high of utilities, mortgage funds, and lease, you may get subscriptions to streaming companies and even meals supply. It’s simple to wind up spending a whole bunch every month on recurring payments with out realizing it.

BillTrim is a service that claims it may well enable you save $900 a yr on payments. That’s a daring declare however one that would enchantment to many individuals. Let’s see in the event that they ship!

What’s BillTrim?

BillTrim is an all-in-one invoice administration app. It may well enable you hold observe of your payments, get reminders once they’re due, and pay them. It additionally helps you lower your expenses by negotiating or canceling companies.

Each software included with the service goals to make it simpler to cope with and lower your expenses in your payments.

The service is out there for a easy, one-time cost of $99. Given the corporate’s declare that it may well enable you save as much as $900 in a yr and that it’s going to prevent cash inside 3 hours, that may be an interesting provide.

How Does BillTrim Work?

BillTrim has one core system: a single vault to your payments. As you add payments to that vault, it presents instruments that will help you handle them and lower your expenses.

Signing up is an easy, three-step course of:

Obtain the BillTrim app and create an account
Hyperlink your financial institution accounts
Hyperlink your billing accounts

When you’ve carried out that, BillTrim will collect all your data and place it within the invoice vault. It may well observe payments from the accounts you’ve linked and recurring funds made out of your checking account.

Although you do have handy over your financial institution information, BillTrim retains it secure with 256-bit SSL encryption and two-factor authentication. The corporate additionally states that it collects and makes use of buyer information solely for invoice negotiation companies.

There’s a $99 payment to join the service however no ongoing charges or costs. Meaning you don’t have to fret about canceling the service if you happen to finally resolve you now not want it. BillTrim additionally presents a money-back assure if you happen to don’t lower your expenses within the first three hours.

When you’ve arrange your account, you can begin utilizing BillTrim’s companies.

Options

BillTrim presents 4 companies to make managing your payments and saving cash simpler.

Invoice Vault

While you hyperlink your financial institution and invoice accounts, BillTrim will monitor these accounts for incoming payments. Every time you obtain a invoice, the app will add it to your Invoice Vault.

The Vault is a centralized location for monitoring all the payments you obtain. That saves you the hassle of going to 4 completely different web sites to pay 4 completely different payments. It additionally makes it simple to trace your invoice historical past to see how the quantities you pay change over time.

Invoice Reminders

Retaining observe of all your cost due dates is a trouble, and the very last thing you need is to tank your credit score by lacking a cost. Plus, that may result in paying late charges that simply make your payments costlier.

Pay From the App

Identical to holding observe of a number of web sites to seek out payments is a trouble, determining the easiest way to pay your payments may be annoying. Some firms allow you to pay your invoice by way of their web site, whereas others make you ship a test or use your financial institution’s invoice cost instruments.

BillTrim presents a safe cost system that allows you to simplify the method by sending funds by way of the BillTrim app.

Skilled Negotiations

Skilled negotiation is the core service right here, and it’s the place BillTrim may help you avoid wasting money.

BillTrim has a workforce of negotiators who can work with billing firms in your behalf to assist scale back your month-to-month payments. This could contain something from asking a bank card firm to scale back your account’s rate of interest to getting an web service supplier to present you a reduction on service.

The workforce of negotiators will contact your billers in your behalf. In some circumstances, they may help scale back your invoice with no enter in your half. In different circumstances, you would possibly have to be a part of a three-way telephone name.

Although the negotiators intention to avoid wasting you cash with out making you modify companies, if the knowledgeable sees another service at a cheaper price, they’ll let you already know so you may make that call.

In case you’re fearful about your private information, BillTrim could possibly negotiate for you if you happen to add photos of your payments slightly than linking your financial institution accounts. Nevertheless, linking your accounts will give BillTrim extra details about your payments, giving them extra possibilities to seek out financial savings.

Pricing

Beforehand, BillTrim supplied a service the place the corporate would take a 25% lower of any financial savings it discovered for patrons. Nevertheless, the corporate has adjusted its payment construction to be a lot less complicated. As an alternative, it costs a one-time $99 payment whenever you join.

There aren’t any ongoing costs, subscription charges, or different prices on high of this one-time cost.

Buyer Evaluations

Buyer evaluations for BillTrim are usually robust. It has a 4.98 out of 5 primarily based on 63 buyer evaluations left with the Higher Enterprise Bureau and a 4.9 out of 5 primarily based on 1,663 evaluations with Trustpilot.

Buyer evaluations revolved across the sum of money that clients saved and the convenience of the method.

There are some adverse evaluations. In these evaluations, clients accused the corporate of utilizing untruthful techniques, comparable to pretending to be the client when negotiating with billers or that the financial savings aren’t definitely worth the trouble.

Alternate options

BillTrim is only one of many firms that declare to assist individuals save on their payments. Earlier than you join, you must take a look at all your choices.

Self-Pushed Negotiation

The obvious various is to barter your payments by yourself. There’s nothing stopping you from calling up your web firm or bank card supplier and asking them for a reduction, identical to BillTrim does.

Negotiating by yourself means, you don’t have to present an organization any of your financial institution data. You additionally received’t have the pay the $99 payment. Nevertheless, it takes time, and it’s possible you’ll not have the negotiation skill that BillTrim’s workforce does.

Trim

Trim is a equally named service that works lots like BillTrim. Make an account, hyperlink your financial institution and billing accounts, and let Trim do the work of negotiating in your behalf.

Trim’s claims will not be as lofty as BillTrim’s. The corporate says it can save you a mean of $620 per yr and might decrease your payments by as a lot as 30%. Nevertheless, one service it advertises, which BillTrim doesn’t, is the power to cancel subscriptions for you, saving you quite a lot of trouble.

One factor about Trim that is likely to be interesting is its value construction. In contrast to BillTrim’s flat $99 payment, Trim costs 15% of the quantity you save within the first yr, with no costs if you happen to don’t lower your expenses. Some clients would possibly desire that to BillTrim’s upfront cost.

BillShark

BillShark is one other invoice negotiation service that claims to chop individuals’s month-to-month payments. This time, the corporate touts a 25% financial savings inside 2 minutes and a 90% success charge. It additionally presents an automatic subscription cancellation service.

BillShark costs a one-time payment of 40% of the quantity saved for its invoice negotiation and a flat payment of $9 per canceled subscription.

One distinctive function of BillShark is that it presents rewards. While you ship a invoice to the corporate to have them negotiate, you may rise up to $25 in rewards for native shops, eating places, and extra.

? For extra options, check out a number of the finest invoice negotiation companies accessible right now.

Is It Price It?

Deciding whether or not BillTrim is value utilizing depends upon two components.

First, it’s good to think about what number of payments you could have and the way a lot you spend on them every month. The extra payments you could have, the upper the chance that BillTrim will prevent cash. In case you don’t spend a lot on month-to-month payments, it may be exhausting to avoid wasting a lot, that means you would possibly pay the $99 payment and save lower than that quantity.

Second, you need to decide the worth of your time. BillTrim doesn’t do something that you just couldn’t do by yourself by calling up your billing firms and negotiating with them straight. In case you really feel like that’s a worthwhile use of your time, it can save you cash with out paying BillTrim’s payment. If $99 looks like a good value to pay to avoid wasting effort and time, BillTrim is usually a whole lot.

Most individuals most likely aren’t going to spend the time calling a bunch of firms to barter their payments, so attempting a invoice negotiation service like BillTrim is value doing.

☝️ Nevertheless, you need to think about whether or not you like BillTrim’s one-time payment value construction or the businesses that cost a share of what they enable you save.

Verdict

BillTrim is a service that goals that will help you lower your expenses in your month-to-month payments. For a one-time payment of $99, the corporate will negotiate with utility firms, bank card issuers, and different companies to assist scale back your month-to-month invoice.

They don’t do something you couldn’t do by yourself and for gratis, however for some, the $99 payment is value saving the effort. Nevertheless, there isn’t any assure that they’ll prevent greater than $99, and there are different comparable companies that cost a share of the quantity saved, which can enchantment to individuals who don’t wish to spend $99 with out a assure of financial savings.