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BillShark helps you negotiate down outstanding debt and save money on monthly bills.  

We all have bills to pay each month, but have you ever checked to see if you were overpaying for some of your bills?

A recent report indicated that the average American household pays $984 per month or 17% of their household income on common bills like: 

  • Auto loans
  • Insurance
  • Utilities
  • Cable and internet 
  • Cell phone service

If you’re looking to save money on your monthly bills and subscriptions, a bill negotiation service like Billshark can help.

What is BillShark?

BillShark has been around since 2016 and it’s helped people save millions on their monthly bills.

It’s basically a website and app that helps you find and secure savings for monthly expenses such as your cable, internet, and cell phone plans.

Some bills can be negotiated for a lower rate. Instead of spending your time researching and negotiating with bill companies, Billshark can do this for you.

Or, say you have a few subscriptions that you continue to pay for but no longer use. Billshark will help you cancel those subscriptions so you can save even more.

The average annual savings per customer is around $300. In this Billshark review, we will explain how the service works, any fees to keep in mind, and the pros and cons so you can decide if it’s right for you.

The average BillShark customer will save over $300 from using their debt negotiation services. 

How Does Billshark Work?

Billshark helps users save money in a few different ways:

  • Cancel subscriptions or memberships
  • Insurance rate check 
  • Negotiate bills

To create a Bill Shark account all you have to do is upload your first bill. Then, you’ll receive the results by phone call and email within a couple of days.

Here’s a detailed overview of how each of these services work. 

Bill Negotiation Services

According to Billshark 8 out of 10 people are overpaying for their phone and wireless internet bills. The company has “sharks” experienced in negotiating different bills so you’ll always have the right person in your corner to help you get the savings you want. 

Quick Note:

80% of consumers are overpaying on their phone and internet bills. 

While you could attempt to negotiate your own bills, this takes time and could also lead to frustration if you have to be on the phone for a long time trying to plead your case. Bill Shark will keep you updated on the negotiation process and even keep track of when your new savings might expire.

For example, if Billshark negotiates a lower rate for your cable bill for the next year, they will make note of when to follow up and re-negotiate 12 months down the road.

Here is a brief list of the service providers that Billshark can negotiate with.

  • Xfinity
  • SiriusXM
  • AT&T Wireline
  • Charter Spectrum
  • Dish
  • Frontier
  • ADT
  • Verizon

Cancel Subscriptions

Billshark can also cancel those subscriptions you either forgot about or no longer want. You may even get surprised with a refund for unused services.

Quick Tip:

Cancelling all of your unused monthly subscriptions can save you a ton of money.

Billshark estimates that 81% of Americans underestimate how much they’re paying for subscriptions.

To get started you can fill out the Savings Estimate form on their website by entering your bill information and personal details. Then wait for the sharks to update you on the status of your subscription cancellation. 

While Billshark doesn’t charge users, you may be wondering how they get paid to help you save money.  

For every subscription they cancel on your behalf costs $9.

Insurance Rate Check

Think you can get a better home or auto insurance rate?

Billshark can help you find savings without having you fill out multiple quote forms.

There is a savings calculator right on the website that allows you to upload your policies and compare potential savings. 

You will be asked a few simple questions like if you’ve been in an accident in the last 12 months to help generate a better quote.

Residents from all 50 states are allowed to use the comparison tool.

There are 30+ home and auto insurance companies Billshark can negotiate including: 

  • Liberty Mutual 
  • Nationwide 
  • Progressive
  • State Farm
  • Farmers
  • Geico
  • Travelers

They work with some of the top-rated insurance companies to help find you the best value for your money. Plus, there is no cost to use their insurance comparison tool to lower your rates. 

How Much Does Billshark Cost?

Billshark is pretty affordable to use overall and with their bill negotiation service, it won’t cost you anything until Billshark can help you save money.

When Bill Shark negotiates a bill for you, they get 40% of the savings and you keep 60% of the savings. 

It’s important to keep in mind that the fee is often paid based on your annual savings so if you’ll save $300 for the year with their bill negotiation service, they get to keep $120 of what you saved.

The fee does vary depending on the company and the length of your service. However, it’s capped at 24 months so this means Billshark can’t keep charging you for savings they helped generate even if the savings stick for longer than two years.

Billshark charges a one-time flat rate of $9 per subscription that they help you cancel. Their insurance saving feature is free to use.

Does Billshark Work?

Yes, Billshark actually boasts an 85% – 90% success rate. They don’t use your credit information at all and just need the details of the bill you wish to lower to get started. 

Billshark also has a strict privacy policy and won’t share it with anyone else without your permission. Only a limited number of employees will have access to your information and it won’t be released to any third party companies.

Billshark Complaints

We checked with the Better Business Bureau to see if Billshark had any complaints from users. Billshark responded to complaints all complaints that are on the BBB’s website so everyone can get the full story. 

It seems like most of the complaints are about their fees or customers not knowing that they could be billed 40% of their savings generated for 24 months.

This is why it’s important to read the terms carefully and make sure you understand how the bill negotiation program and subscription cancellation programs work in detail before agreeing to the terms, 

Quick Tip:

Be sure to understand that BillShark gets paid for results, which means you will have to pay 40% of negotiated savings for 24 months.   

As an example, let’s say you use Billshark to help you negotiate a bill and they are able to save you $50 per month. Their fee is 40% of that which would be $20 and you’d pay what that amount would add up to over a 24-month period which would be $480 ($20 x 24 months). 

It seems like a lot of money, but Billshark would save you $1,200 over 24 months in this scenario ($50/month x 24 months) so you’d have the money to pay the fee even if not right away.

This is where Billshark’s no-fee 6-month payment plan could come in handy if you aren’t able to pay the whole fee upfront. 

Bill Shark Pros and Cons

Just like every service, there are some pros and cons and Bill shark is no different.


  • Estimate your potential savings online without having to sign up or speak with anyone
  • Lowers your bills and save money when you do sign up and submit a bill for negotiation
  • Easy to upload your bills
  • You don’t have to pay a fee until after savings are found
  • 85% success rate
  • Saves you time by handling all the work upfront


  • You have to pay 40% of the savings found
  • May have to pay up to 2 years of savings upfront (they do offer a 6 month payment plan)
  • You won’t know how accurate the savings calculators are until you get on the phone with a shark

Billshark Review: Final Take

Billshark has a pretty high success rate overall if you’re looking for an easy way to lower your bills.

Lowering some of your monthly expenses could be helpful if you’re looking to pay off debt or have been struggling to pay bills on time. While they do charge a fee, it can be justified if you are saving a lot more money automatically with their help. 

This is a service that you could do on your own if you don’t want to spend any money out of pocket. However, you have to ask yourself if you will actually pick up the phone and call your bills companies to discuss rates. 

If you don’t have much experience negotiating your bills or just don’t want to keep procrastinating, Billshark can save you time and money. 

If you’re up to your eyeballs in bills each month, Billshark is worth a shot since you don’t pay until you actually save money or get a subscription canceled.