“The average consumer is not able to avail themselves with an equally powerful engine to help them navigate their financial choices.
Our objective is to give consumers that powerful tool or engine and to be their advocate in those choices.” Hiatus is available for i OS (it launched in summer 2016) and has a wait list for Android users.
Here’s a look at six of the tools, listed alphabetically: Using artificial intelligence, Trim is a free tool that communicates with users via SMS.
“We’ve put a lot of emphasis on getting our algorithms right on predicting the subscription renewals before that happens.” Prosper Daily is a free app available for i OS and Android.The app shows users “when an item appears to be a subscription and if that subscription has increased over time,” says Jennifer Clark, director of consumer public relations for Prosper.However, if you’ve tried unsuccessfully to cancel a subscription service, you can contact your credit card issuer or bank for help.Recognizing the need for help tracking and canceling recurring charges, several startups and Capital One now offer tools that let users sync their credit cards or bank accounts to get help canceling unwanted subscriptions.Users text back giving Trim permission to cancel unwanted subscriptions, and Trim takes care of dropping the services.
You can also ask Trim (via SMS or Facebook Messenger) questions such as how much you spent with a certain merchant or what your credit card balance is.Of course, none of these tools can eliminate a bill that’s still under contract, so Trim has added features that help users lower those bills, starting with Comcast.“What we found is that a lot of folks are overpaying for Comcast,” co-founder and CEO Thomas Smyth says.“In my experience, it is nearly impossible to cancel easily,” she says.“If you can sign up online, why can’t you cancel online?Peer-to-peer lending platform Prosper acquired the bill-monitoring service Bill Guard, and former Bill Guard users can use the renamed Prosper Daily via their Bill Guard credentials.