No one enjoys scouring their credit card bills or bank account statements, but tricky marketing and sales tactics might mean you are bei...
No one enjoys scouring their credit card bills or bank account statements, but tricky marketing and sales tactics might mean you are being charged unknown fees, which are easily overlooked.
1 in 4 Americans are victims of “grey charges,” which can come in the form of unknown subscription fees, free-to-paid trial subscriptions, or unwanted auto-renewal fees. And according to the Better Business Bureau these charges are racking up average cost of $356 dollars a year for the average consumer.
You can prevent these charges by scanning your credit card and banking statements closely, though only 1 in 10 people actually do this.
Which is why Yaron Samid, BillGuard’s CEO developed an app that allows mobile phone users to track their credit, debit and bank account charges so they can quickly detect any questionable or fraudulent charges.
In the last two years BillGuard says they have identified $50 million dollars in suspicious charges for their users.
If a user has a question about a charge, with a swipe of a button they can send their query to a crowd-sourced database to see if other users have identified a similar transactions as fraudulent. They can even send an email directly to the business or credit card and they will receive a response via email and in some cases, their money back.
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