BillTrim Review: How Does It Compare?

Between streaming services, utilities, rent, and miscellaneous subscriptions, Americans pay hundreds of dollars per month in bills. In fact, the average cost of utilities is nearly $400 per month. 

With so many payments to be made and bills to keep track of, it can be difficult to ensure you’re getting the best rate with each provider. The fact of the matter is, you could be missing out on tons of savings.

If you think you might be spending more money than necessary on your bills each month, BillTrim can help. This service even boasts that it can help you save up to $900 per year on bills. 

Tracking down your savings and dealing with billing companies over the phone can be a hassle. It takes time and effort, especially when it comes to knowing how to find out what savings you might be missing out on. 

Our BillTrim review shows you how this negotiating service can lower your bills so you can enjoy the savings without the hours spent waiting on hold. In addition, we’ll also show you how much this service costs so you can compare it to your budget. 

BillTrim is not the only bill negotiation and management tool out there. We’ll also compare this company to others out there that perform the same function so you can make a more informed decision on an tool that fits your lifestyle. 

Are you ready to dive into our BillTrim review? Let’s get started!

What is BillTrim

If you can’t save money or pay off debt living paycheck-to-paycheck, BillTrim can help you increase your savings each month. Plus, you don’t have to break out your negotiation skills.

BillTrim is a bill management tool you can use to help you lower your bills. For a one-time $99 fee, BillTrim will track your monthly bills, help you manage them to make on-time payments, and even negotiate your bills for a lower payment on your behalf. 

Unlike other bill management platforms, BillTrim doesn’t share in the savings you earn. Instead, BillTrim charges you a one-time fee, no matter how much in savings they earn you. 

The good part about BillTrim is that you can enjoy those savings for the length of your subscription term. For example, if BillTrim was able to cut your streaming bill down by $40 per month, you can add that to your savings each month until you cancel your service. 

BillTrim can be a great alternative to calling companies and asking for discounts or bill reductions yourself. At the same time, you will have to pay for the service. 

If you feel like your bills are taking over your life and want to get back on track or potentially save some money, BillTrim could be the right fit for you.

Our review will help you decide whether or not the $99 fee is worth the chance of saving tens or hundreds of dollars per month on bills.

How Does BillTrim Work

While BillTrim won’t reduce your grocery bill dramatically, it is a bill negotiation service out there to consider.

Afterall, BillTrim will track your bills and recurring payments to remind you when bills are due. 

Bill reminders can be well worth the $99 one-time fee alone. If you’re looking for ways to improve your credit score, making on-time payments and establishing a history of this behavior can be a powerful step towards a higher credit score. 

BillTrim can help you save money on bills from your:

• Cell phone provider (i.e., lowering your AT&T bill)
• Cable company 
• Internet provider
• Utility companies
• Insurance companies 
• Miscellaneous subscriptions 

The good news is that if you ever want to cancel your BillTrim account, there’s no need to request a refund or worry about getting your money back.

Once you pay the $99 fee and pass the money-back guarantee threshold, your dues are paid. 

Sign Up

To sign up for a BillTrim account, you’ll need to visit their website here. When you create an account, you’ll enter basic personal information, such as your name, address, and phone number. 

BillTrim will then prompt you to link your bank account as well as your billing accounts. You will have to provide your credentialing information for these sources so that BillTrim can track your payments. 

Once you’ve linked those accounts, you can then add bills to your BillTrim Vault. Then it’s time to take advantage of the services your one-time fee bought in managing your bills and negotiating them down if possible. 

Features

The Bill Vault is one of the main features BillTrim offers. Here, you can link your bank and bill accounts and BillTrim will track your bill history to see how much you’ve paid over time. 

This feature can be helpful to see how your bills have fluctuated. If there is a sudden spike in a bill, it could be a red flag that something isn’t right or that you may need to address that situation to stick within your budget. 

Bill Vaults are also great for keeping track of all your bills in one place. If you’re someone who struggles with ensuring they’ve paid all their bills for the month, this central bill location can pay off in dividends. 

BillTrim also offers Bill Reminders to help you keep track of due dates and will even send you automatic reminders to make sure you’re paying on-time. Positive payment history is a critical part of your credit score, so it’s a good idea to have this feature on your side. 

BillTrim also lets you send payments through the tool itself. However, the most valuable component of a BillTrim membership for most people is the negotiations these experts provide to potentially lower your monthly payments. 

Depending on which type of agreement you have with a provider, you may or may not need to be on the phone when BillTrim negotiates your rate. Most companies request you to be present so they know the phone call is legitimate. 

BillTrim expert negotiators can also determine if there are any savings you’re missing out on. You can either upload photos of your bill directly or provide your login information so BillTrim can view your actual account. 

Security

During this whole process, BillTrim uses 256-bit encryption to keep your personal, banking, and billing data safe. The tool even incorporates two-factor authentication to prevent fraud or hacking. 

Fees

As we’ve mentioned, there is a $99 one-time fee. However, BillTrim does not charge any additional monthly fees or take part of your savings as their share of the profits. 

In the past, BillTrim did take 25% of your savings for their services. However, they’ve found that switching to a one-time-payment fee structure allowed their customers to save even more money in the long run. 

BillTrim does offer a money-back guarantee. If you don’t save money in the first three hours of hiring their services, you can request your $99 back. 

BillTrim Advantages and Disadvantages

So how does BillTrim stack up? Before we delve too deep into alternatives that may or may not be better suited to your situation, let’s consider what BillTrim does well and where it falls short. 

Benefits One-time fee versus a percentage or portion of savings each year Track, manage, and pay bills from one location Automatic payment reminders  Money-back guarantee  Strong customer reviews and feedback

Downsides The $99 one-time fee can be steep for some households   Doesn’t do anything you couldn’t do yourself, on your own time Since they don’t take a portion of your savings, they’re less motivated to pursue savings Won’t cancel your subscriptions for you  Requires linking your bank and bill information

BillTrim Alternatives

BillTrim is certainly not the only bill negotiation service out there that will negotiate your bills for you. Here are a few other companies you can partner with to reduce your bills:

• Trim: Our Trim review includes all the finer details about this bill-negotiating app. In summary, Trim can save you an average of $620 per year in exchange for 15% of what you save in the first year. Unlike BillTrim, Trim can cancel subscriptions for you.  
• BillShark: In a bold move, BillShark advertises it can save you 25% within two minutes with a 90% success rate. Each canceled subscription will cost you $9 and BillShark charges you a one-time fee of 40% of your savings. However, BillShark also rewards you with $25 for bills you send them to negotiate. Learn more in our in-depth BillShark review.
• Rocket Money (formerly Truebill): Our Rocket Money review showed that for anywhere from $3 to $12 per month or $36 to $48 per year, Rocket Money will help you lower your bills, cancel your subscriptions, and reach your savings goals. This app can be downloaded to both Android and Apple devices. 
• Experian BillFixer: Experian recently acquired this bill management service, which costs $24.99 per month after a seven-day free trial. BillFixer lets you keep 100% of your savings in exchange, with the average member saving $263 per year. Experian also includes all three FICO scores and identity theft protection with this paid plan. 
• BillCutterz: This service is free until BillCutterz can achieve real savings for you. At that point, you’ll split the rewards 50/50. BillCutterz will work with your bill providers directly and even works with businesses and nonprofits as well. 

The free alternative to BillTrim is negotiating your bill payments yourself. However, that can take valuable time and effort, given you’re willing to wheel and deal with billing departments.  

How to Track and Manage Bills Yourself

If you decide you want to track and manage your bills yourself, you will need to take some time and gather the necessary information.

Depending on how many bills you have, you might need to set aside a few hours or even a day or two for calling each provider to ask what discounts you’re eligible for. 

Here are the basic steps to managing and potentially lowering your bills yourself:

1. Make a list of all the bills you pay each month, from those that don’t vary in price to those that fluctuate.
2. Locate the type of plan you have as well as any additional charges. Most customer service representatives can pull up your information, but sometimes having that information to verify can help. 
3. You may also want to note how long you’ve been with the company, as sometimes that can work in your favor. 
4. Find the customer service line for each provider. When you speak with an agent, be sure to write down their name as well as the date you called. 
5. Ask questions about discounts, lower rates, and any promotions the company might be offering. Be sure to inquire about when rates go into effect. If you are active in the military or a veteran, you may qualify for a discount based on your service. 

Depending on how you handle each call, you may or may not receive a discounted rate. It is also possible that you already have the provider’s lowest rate, so no further discounts are available. 

At the end of the day, it’s about making sure that you exhaust all avenues when it comes to lowering your bill payments. Once you complete that task, you can rest easy that you’re getting the lowest rate. 

FAQs

Bye-Bye Big Bill Payments

Paying less for bills each month can really help boost your savings and add room to your budget. With BillTrim, you can manage your bills from one place and potentially even find savings you didn’t know existed. 

For a one-time fee of $99, BillTrim’s bill-negotiation services can be well worth the money. If you’re able to save over $100, you’re coming out on top each month you take advantage of those savings year after year.

We hope this BillTrim review has helped you to see how this bill negotiating service can help you pay less each month. Whether or not you take advantage of this service, you now know of its existence if you want to change your mind in the future.

Part of better money management skills is knowing how to work your financial situation to make the most of it. With BillTrim, you can check bills off your list and focus on other tasks that could help you save more than you spend. 

Which bills do you think you might be able to reduce with BillTrim? Sign up for an account today to see your individual results and keep more money in your wallet.