You can find subscriptions to almost anything these days, and they can add up quickly if you get lost. Fortunately, there are services out there that can find and cancel your unwanted subscriptions and even help negotiate lower prices on your bills and better manage your finances.
These services can tackle anything from Netflix subscriptions to cable bills, but they typically don̵
How do subscription cancellation services work?
When you sign up for one of these services, usually run by an AI assistant, you connect it to your credit card or bank account. Then it will scan your charges and look for recurring charges that will notify you. In return, you tell the service which ones you want to keep and which ones you want to remove, and the service will cancel those subscriptions.
Likewise, for bill negotiation, you upload your bills to the service and it will reach any company and do whatever it takes to lower your amounts owed or interest rates. It usually does this by switching to a better plan. Some services may automatically make the changes on your behalf, while others may ask for your approval stamp first. In any case, you will be informed whether the negotiation is successful.
The services themselves are paid for using a percentage of the amount you saved in the first year (and if that doesn’t save you anything, you won’t be charged). The prices vary, of course, depending on the company, but are between 33 and 50%. There’s no way around these fees if the service saves you money, but you still have a little extra cash every month. Ironically, all of these services offer subscription plans that allow access to all features such as financial coaching, medical bill negotiation, and automated credit card payments.
Financial support by text: Trim
Trim (free, with possible fees) is one of the original subscription cancellation services, although additional money management features have been addressed over the years. It marks itself out as a financial health care company and can help negotiate cable bills, internet bills, and credit card APRs. It can also analyze your transactions and give basic advice as well as cancel your unwanted subscriptions.
Signing up for an account with Trim is free. You can use it to access tools like billing reminders and a debt calculator, and manage your subscriptions from your dashboard without spending a dime. You simply combine your phone number and financial information. The service searches your purchases and notifies you of recurring fees via text. Trim won’t charge you anything if it doesn’t save you money. In this case, the service charges you a “success fee” of 33% of your total annual savings.
Trim also offers a premium subscription for $ 99 per year (with a 14-day free trial, of course). This way you get banking and billing negotiations, easy savings with an FDIC-insured high-yield account with an annual bonus of 4%, unrestricted email access to the staff of financial advisors, negotiating medical bills, canceling subscriptions and automated credit card payments.
A powerful dashboard for financial health: Truebill
Truebill (free, with possible fees) can help you manage your subscriptions, but it also has tons of robust financial management tools. These are perfect for helping you learn more about and improve your overall financial health. It also has beautiful mobile apps for iOS and Android so you can check your finances anywhere.
There is an overview page on the service’s dashboard where you can see a general snapshot of the financial accounts you have connected (e.g. your credit cards, cash, or investment balances). You can also track upcoming invoices on this page. The subscription area shows you all your subscriptions and the upcoming due dates in the integrated calendar. You can also view reports detailing your monthly income and expenses and break down your billing costs. The service also provides tools for lowering your bills and setting savings goals.
The Truebill app is free and you won’t be charged if the company can’t save you money. However, if it can save you money, you will be billed for 40% of your savings in the first year. There’s also a Premium plan with a pricing option of your choice (between $ 3 and $ 12 per month) that gives you more options. Premium benefits include balance syncing, premium chat, a cancellation concierge, unlimited budgets and smart savings.
Sponsored by Goldman Sachs: Clarity Money
Clarity Money (free, with possible fees) can help you reduce your bills, remove unwanted subscriptions, and better manage your financial health. The AI-powered service is a great starting point for taking control of your finances, but it will grow with you too thanks to its artillery of features. Instead of just showing you your expenses, they are provided with an actionable plan to help you control and organize your finances.
Clarity Money can negotiate all types of invoices for you with a wide variety of service providers and does a great job of finding discounts and coupons available. If you manage to save money, it will only take 33% of your savings in the first year (which is associated with Trim as the lowest fee), and it won’t cost a dime if you can’t save money. There’s even a free companion iOS and Android app with nice simple charts and lists that allow you to see all of your finances in context so you can better understand your finances at a glance.
Great for invoice management: break
Although hiatus (free, with possible fees) has the greatest emphasis on bills, such as: B. for your mortgage or credit card, it can analyze which financial accounts you link it to. From there, the service can recommend a personalized action plan to lower your bills and prices through its machine intelligence technology.
The service regularly monitors your accounts and looks for better tariffs. It can also help you with a wide variety of bills, including medical bills, student loans, and auto loan refinancing. Hiatus gives contextual advice that is tailored to your budget and is easy for you to respond to. There’s also an iOS app (sorry Android) that makes it easy to manage subscriptions, view your connected accounts, and see advice at a glance.