I used Billshark through the PocketGuard budgeting app. I read up front that they take a 40% cut of your savings. What I failed to look into was how exactly they bill this. It's shocking to receive a bill in the HUNDREDS when you're trying to SAVE money. They ended up saving me money without canceling any services, although they were trying to do that at first and I told them I did not want any services taken off of our bills, I just wanted the reduction. And to their credit, they were able to do that. But the reduction periods can be for years, and they will bill you for 40% of the savings over those years! Fore example, they were able to save me $300 over the course of 2 years off my phone bill. So you get charged for 40% of YEARS worth of savings. They say just enough up front so that they can't be accused of the bait and switch, but they conveniently leave out details about how EXACTLY you will be charged. I also received a message saying they will re-negotiate for me automatically once the savings period is over. No thanks!!!!!! I had to email them asking them to not automatically renew this service. I feel trapped now and taken advantage of. I don't recommend using them.
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We’re here to lower your bills. We call your service providers and negotiate the best price on your behalf. Signing up is easy and only takes minutes. The sea is transparent, and so are we. Our fee is 40% of your savings, earned only when we do our job effectively. That’s why our Sharks work so hard to get you results.