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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Trim

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About Company

OneMain Trim, a financial health company, is dedicated to revolutionizing the way Americans manage their finances. With a mission to solve financial problems and empower individuals to live the life they desire, OneMain Trim offers a suite of innovative solutions aimed at saving money and improving overall financial well-being. From negotiating bills to tracking spending and canceling unwanted subscriptions, OneMain Trim streamlines the often daunting task of managing personal finances.

Utilizing advanced algorithms and expert negotiators, OneMain Trim identifies opportunities for savings and takes proactive measures to lower bills and eliminate unnecessary expenses. Whether it's reducing cable, internet, or phone bills, or identifying and canceling recurring subscriptions, OneMain Trim does the heavy lifting, allowing users to sit back and watch their savings grow. With a focus on security and transparency, OneMain Trim ensures that users' data is protected with bank-level security measures, providing peace of mind as they embark on their journey toward financial freedom.

Trim

Key Features

  1. Automated Spending Analysis. Trim employs advanced algorithms to analyze users' spending patterns, identifying areas where proactive measures can be taken to save money.

  2. Subscription Management. Trim's algorithm monitors users' transactions to automatically identify recurring subscriptions. Users can easily manage and cancel unwanted subscriptions directly through the platform.

  3. Secure Financial Management. With bank-level security (256-bit SSL encryption) and two-factor authentication, Trim ensures the utmost security for users' financial data, comparable to the standards of major banks.

  4. Mobile and Web Accessibility. Trim website offers convenience with accessibility from any device. Users can access the platform through both mobile and web interfaces, allowing them to stay informed about their savings wherever they go.

  5. User-Friendly Account Management. Users can easily manage their Trim account, connect their primary bank accounts or credit cards, and track savings recommendations effortlessly through the platform.

Pros and Cons

Pros

Lifetime Savings Tracking. Trim goes beyond annual savings estimates by offering a comprehensive view of users' lifetime savings, covering a range of services and subscription cancellations from the beginning of their Trim membership.

Expert Bill Negotiation. With a team of skilled negotiators, Trim can secure lower rates on cable, internet, phone bills, and more, helping users save money on essential services.

Free to Sign Up. Trim's services are free to sign up, making it accessible to a wide range of users who want to take control of their finances without incurring additional costs.

Cons

Service Fees. While signing up for Trim is free, users may incur service fees, such as a percentage of the savings secured through bill negotiations.

Dependence on Third Parties. Trim relies on third-party providers for bill negotiations and subscription management, which may result in occasional delays or limitations beyond Trim's control.

Limited Service Coverage. Trim's services may not be available for all financial institutions or subscription services, potentially limiting its effectiveness for some users.

Reliability

Trim, backed by OneMain Financial, boasts a solid reputation for reliability in financial management services. With over 3 million users benefitting from its innovative solutions, Trim has garnered praise for its effectiveness in saving money and streamlining financial tasks. All the data that Trim collects is hosted on online data storage on AWS (Amazon Web Services). This is the same service that is used by NASA, the Department of Defense, and the FINRA (Financial Industry Regulatory Authority). Moreover, Trim has received positive feedback from users, earning a rating of 4.2 out of 1,680 reviews on Trustpilot, further validating its reliability and customer satisfaction.

Products

Bill Negotiation Service. This service involves Trim's expert negotiators working to secure lower rates on various bills, including cable, internet, phone, and other monthly services. The cost for this service is typically 15% of the total first-year savings.

Other credit cards

Other Services OneMain Trim Offers

  1. Subscription Management. Trim's algorithm automatically identifies and helps users cancel unwanted subscriptions, saving them from recurring expenses. This service is typically offered at no additional cost.

  2. Automated Spending Analysis. Trim's algorithms analyze users' spending patterns to identify areas where they can save money. This feature is integral to the overall savings strategy provided by Trim and is included in the platform's offerings.

  3. Financial Monitoring and Recommendations. Trim provides ongoing monitoring of users' financial accounts and offers personalized recommendations to help them save more effectively. This service is also included in Trim's suite of offerings.

  4. Total Savings Tracking. Trim provides users with insights into their total savings over time, allowing them to see the cumulative impact of using Trim's services on their financial well-being.

Conditions and Requirements

Conditions

  1. Fee Structure. OneMain Trim typically charges a fee for its bill negotiation service, which is a percentage of the total first-year savings secured by Trim. Users should review and understand the fee structure before using the service.

  2. Privacy Policy. OneMain Trim maintains a privacy policy outlining how users' personal and financial information is collected, used, and protected. Borrowers should review this policy to understand how their information is managed.

  3. Service Limitations. OneMain Trim's services may have limitations, such as availability in certain geographic regions or restrictions on the types of bills that can be negotiated. Borrowers should familiarize themselves with any limitations associated with the services they plan to use.

  4. Customer Support. OneMain Trim typically provides customer support to assist borrowers with questions or issues related to the platform or its services. Borrowers should be aware of the availability and contact methods for customer support when using Trim.

Requirements

  1. Minimum Age. Borrowers must be at least 18 years old to use OneMain Trim's services.

  2. Valid Bank Account. Borrowers typically need to have a valid bank account to connect with Trim's platform for savings analysis and bill negotiation.

  3. Financial Information. Users may need to provide certain financial information, such as income and expenses, to enable Trim to analyze their financial situation accurately.

  4. Agreement to Terms. Borrowers are required to agree to OneMain Trim's terms and conditions, which outline the services provided and any associated fees.

Network of ATMs

OneMain Trim doesn't operate its network of ATMs. As a financial health company, OneMain Trim primarily focuses on providing services related to saving money, managing finances, and negotiating bills. While it doesn't offer ATM services directly, users may still access their funds through their linked bank accounts or financial institutions' ATMs, depending on their account settings and agreements with their banks. Users should check with their respective banks or financial institutions for information on ATM availability, fees, and network coverage.

Apps Like OneMain Trim

Rocket Money, formerly known as Truebill, offers a range of financial management services with a blend of free and premium options. The basic app is free to use, providing users with a centralized platform to monitor subscriptions and due dates, alongside budgeting tools. For users seeking premium services, Rocket Money offers subscription tiers ranging from $3 to $12 per month. Notably, Rocket Money's bill negotiation service is available for a fee, with the company retaining 30% to 60% of the amount saved through successful negotiations.

Mint, a widely recognized budgeting app, caters to users with both free and premium offerings. The basic account is free and includes subscription management features, allowing users to track recurring expenses across multiple bank accounts and credit cards. Mint Premium, priced at $4.99 per month for iOS users, extends the functionality to subscription cancellation services through its partner, Billshark. Alongside subscription management, Mint Premium offers spending projections and comparative spending graphs, enhancing users' financial insights.

Simplifi by Quicken is a budgeting app designed to streamline financial management and subscription tracking. With pricing set at $5.99 per month for a month-to-month subscription or $2.99 per month for an annual subscription, Simplifi offers users an ad-free experience coupled with robust financial planning tools. The app automatically consolidates recurring payments, allowing users to monitor subscription spending across various platforms and services. Simplifi emphasizes ease of use, promising users the ability to maintain financial oversight with minimal time investment.

Bobby stands out as a subscription tracker app offering a manual input approach, providing an alternative for users who prefer not to link their bank accounts. This free app, with optional upgrades ranging from $1.50 to $4, enables users to manually input subscription details, including pricing and billing dates. Bobby supports multiple currencies and provides payment reminders, catering to users' diverse needs. However, Bobby is exclusively available on the Apple App Store, limiting accessibility to iOS users. With its intuitive interface and affordability, Bobby offers a user-friendly solution for subscription tracking.

Editorial Opinion

OneMain Trim offers a comprehensive suite of services aimed at helping individuals save money and manage their finances more effectively. With features such as bill negotiation, subscription management, and automated spending analysis, Trim provides users with valuable tools to achieve their financial goals. To sum it all up, Trim saves money if you have recurring charges, unwanted subscriptions, or out-of-control cable bills — without requiring you to make the phone calls yourself. While some users may appreciate the convenience and potential savings offered by Trim's services, others may find the fee structure or limitations of the platform less appealing. Ultimately, whether Trim is a suitable option for an individual depends on their specific financial needs and preferences.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

Methodology

At Finanso, we've carried out a comprehensive analysis of over 50 neo banks, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a neo bank. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional Resources

  • Full Trim Account Review
  • Trim Mobile App
  • Trim Reviews

Sources

FAQ

How OneMain Trim works?

OneMain Trim works by providing users with a range of financial management tools and services aimed at saving money and improving overall financial health. Users begin by signing up for Trim and linking their financial accounts, such as bank accounts and credit cards, to the platform. When you sign up, you will link Trim to your bank and credit card accounts. Trim uses this data to analyze your spending patterns and look for savings opportunities. Users can opt to utilize Trim's bill negotiation service to lower their monthly bills, cancel unwanted subscriptions, and receive personalized recommendations to help them achieve their financial goals. With its user-friendly interface and secure platform, OneMain Trim simplifies the process of managing finances and helps users take control of their financial well-being.

How much does AskTrim cost?

Trim offers a range of services, and the cost varies depending on the specific features used by the individual. Some of Trim's services, such as automated spending analysis and subscription management, are typically offered at no cost to users. However, Trim may charge a fee for certain services, such as its bill negotiation service. This fee is typically 15% of the total first-year savings secured by Trim through bill negotiation. Users should review Trim's fee structure and terms of service to understand any applicable charges before using the platform's services.

Does Trim charge a fee?

Yes, Trim may charge a fee for some of its services. While certain features, such as automated spending analysis and subscription management, are typically offered at no cost to users, Trim may charge a fee for its bill negotiation service. The fee for bill negotiation is typically 15% of the total first-year savings secured by Trim. Users need to review Trim's fee structure and terms of service to understand any applicable charges before utilizing the platform's services.

What bills can Trim negotiate?

OneMain Trim offers bill negotiation services for a variety of bills, including cable bill, internet bill, phone bill, and other monthly services. Trim's expert negotiators work to secure lower rates on behalf of users, helping them save money on essential expenses. By analyzing users' bills and negotiating with service providers, Trim aims to reduce the financial burden associated with recurring bills and improve users' overall financial health. While the specific bills that Trim can negotiate may vary, users can typically submit any bill for negotiation through the platform, and Trim will work to find opportunities for savings.

How does Trim cancel subscriptions?

Trim makes canceling subscriptions easy and convenient for users through its subscription management feature. By analyzing users' transactions, Trim automatically identifies recurring subscriptions and provides users with a list of their subscriptions. Users can then choose which subscriptions they no longer need or want and request that Trim cancel them on their behalf. Trim handles the cancellation process, saving users time and effort. Additionally, users can manually request Trim to cancel specific subscriptions by providing the necessary details, such as the subscription provider and account information.

Can Trim save money on my other utilities?

Yes, Trim can help users save money on various utilities beyond just cable, internet, and phone bill options. The platform's bill negotiation service extends to other essential utilities such as electricity, gas, and water bills. By leveraging its expert negotiators and advanced algorithms, Trim identifies opportunities to lower users' utility bills by negotiating with service providers on their behalf. Additionally, Trim's automated spending analysis may uncover potential savings opportunities in users' utility expenses by analyzing their spending patterns and identifying areas where costs can be reduced.

Company documents

Terms of Use
Privacy Policy

Our mission is to solve your financial problems so that you can live the life you want.

© OneMain Trim, LLC d/b/a Trim
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