December 3, 2015
New Features include free credit monitoring for unlimited accounts and suspicious activity alerts; Updates follow BillGuard’s recent acquisition by Prosper Marketplace
SAN FRANCISCO - [Press Release] -BillGuard, a personal finance analytics application and a subsidiary of Prosper Marketplace, today announced significant updates to its pricing plans. For the first time, BillGuard is offering several features of its money monitoring mobile application for free, enabling consumers to better control and protect their finances during the budget-stressing holiday shopping season. The changes follow the company’s early October acquisition by Prosper Marketplace, which operates a leading online lending marketplace that connects borrowers and investors. The product upgrades are part of Prosper Marketplace and BillGuard's goal to help people achieve a better state of financial well-being with tools that help them manage, protect and do more with their money and credit.
The new version of BillGuard’s free plan, which already includes data breach alerts and spending analytics, will now also have:
- Unlimited Card Monitoring: Users can monitor an unlimited number of credit or debit cards to track all of their financial accounts in one place and get immediately alerted to suspicious transactions that have posted to any account.
- Credit Scores: Users can track their TransUnion credit scores for free, as well as the factors that affect their scores, so they can work on improving them.
Previously, users had to pay $4.99 a month to monitor more than one account and receive their credit score as part of the BillGuard Pro product, which will now be retired. Customers who subscribed to BillGuard Pro will be automatically upgraded toBillGuard Ultimate at no additional cost. This includes all free features in addition to comprehensive 3-bureau credit monitoring, full service identity theft restoration and more.
Financial health starts with awareness. Since our acquisition by Prosper Marketplace, we’ve been working hard to figure out ways we can better help our customers understand and secure their financial position, said Yaron Samid, BillGuard founder and general manager of Personal Finance at Prosper Marketplace. Eighty-five percent of identity theft, America’s fastest growing crime, results in fraudulent use of existing accounts – credit cards, debit cards and bank accounts. By offering more of our services for free, we can help more people spot suspicious activity sooner as well as give them more control over their overall financial health - which is especially important during the budget-stressing holiday shopping season.
Since its inception, BillGuard has flagged more than $70 million in unauthorized charges. With more than 1.4 million registered users, the company’s five-star rated iPhone and Android mobile apps have won almost every industry award in their category, including being named one of the top banking innovations of all time by Online Banking Report; Best App of 2014 by Google; and Best Free iPhone Apps in both 2014 and 2013 by PCMag.
For more details on BillGuard’s free and paid products, please visit.
Prosper is built on a simple idea: connect people who want to borrow money with those that have money to invest. Prosper is an online marketplace that gives borrowers immediate access to a huge pool of individual and institutional investors. Borrowers get low, fixed rates with no hidden fees or prepayment penalties. Investors can earn great returns through the platform’s data-driven underwriting for personal loans, creating a new and diverse investment opportunity. Through Prosper, more than $5 billion in personal loans have helped borrowers consolidate their credit card debt, pay for large purchases, make home improvements and even cover unexpected medical expenses. Prosper Marketplace is headquartered in San Francisco, with offices in Salt Lake City, Phoenix and Tel Aviv. Learn more about borrowing and investing through Prosper at www.prosper.com. The Prosper lending platform is owned by Prosper Funding LLC, which is a subsidiary of Prosper Marketplace. Follow Prosper on Twitter @ProsperLoans.
BillGuard’s mission is to empower consumers to control, protect and do more with their money. BillGuard’s proprietary transaction monitoring technology pioneered the use of crowdsourcing and big data analytics to help consumers detect the $8 billion in wrongful payment card charges missed by banks each year. Downloaded over a million and a half times since release, BillGuard’s 5-star rated mobile apps have won almost every industry award in their category, including being named one of the top banking innovations of all time by Online Banking Report. The company was founded in 2010 and was acquired by Prosper Marketplace in October 2015. For more information, visit.