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Wednesday, February 16, 2011

Reducing your bills with BillShrink

BillShrink helps reduce bills by doing the comparison shopping for you. After entering relevant product or service information, BillShrink accesses a database of competing services to quickly find and identify the best price in accordance with product or service criteria.

To illustrate how you can reduce your bills with BillShrink suppose you need gas for your vehicle and are looking for the best daily prices in your area. BillShrink can do the search for you by finding and listing gas prices and merchants on your computer screen from lowest to highest.

• How BillShrink works

BillShrink helps reduce bills by comparing multiple service providers within search specifications and algorithms. Each type of service is ranked and evaluated by a product specific template, for example the gas price comparison takes into account distance, service features, quality, and your bill paying patterns depending on the type of bill BillShrink is asked to shrink.

• What services BillShrink shrinks

BillShrink can compare credit cards, gas, savings accounts, wireless services and television rates. The bills that BillShrink does help reduce are 'shrunk' well, however as of June 2010, BillShrink is somewhat limited in its capacity and range of bills it is able to reduce.

• Information required to shrink bills

In order to use BillShrink one needs to enter the information BillShrink will use to find the best deal. BillShrink also requires an email address before displaying search results so does not provide the service without having to create and verify an account.

• Privacy considerations of BillShrink

According to BillShrink's May 2009 Privacy terms, transfer of your personal information is through sale, rent or trade is prohibited with the exceptions of corporate bankruptcy, merger or acquisition in which BillShrink is involved.

• Other BillShrink highlights

BillShrink is also able to send price alerts when knew product or service developments occur that are specific to your BillShrink requests. BillShrink is a free service and search results can be sorted by price, brand, preference and recency of price data. BillShrink also provides a Google map with gas station search results which helps with locating travel routes.

• Advantages and disadvantages of BillShrink

BillShrink does require registration to view the price information and is somewhat inflexible in its search criteria. For example, gas stations couldn't be found by price alone at the time this article was written. The advantages of BillShrink are that it saves time and potentially money having to search and research different product pricing plans and services.
Summary:
BillShrink is similar in concept to other price comparison sites such as those that locate and compare competing hotel, travel and insurance deals. However, BillShrink is differentiated from several other price comparison sites because it compares multiple products that are not necessarily theme related. In terms of cost savings and reducing bills, BillShrink is a useful tool that may add to or supplement similar tools.
Sources:

1. http://www.billshrink.com
2. http://www.billshrink.com/privacy-policy/

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