The website is now 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. These 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. This free plan will now have the following:
- 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.
Yaron Samid, BillGuard founder and general manager of Personal Finance at Prosper Marketplace, shared:
“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. 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.