Borrowell Review 2022: 1 Free Credit Report Per Year

1 Free Credit Report Per Year

In the past few years, it has became much simpler, simpler and also less expensive for Canadians to promptly and also firmly acquire their totally free credit rating and also credit scores record instantly online.

Prior to 2016, the very best way for Canadians to get their debt report and also credit rating online was to get a cost-free test of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading on-line financing service provider, Borrowell, partnered with Equifax to use complimentary credit rating reports and also scores to all Canadian customers. This substantially shifted the industry landscape over night.

Join over 2 million other Canadians and instantaneously get your cost-free credit score as well as totally free credit history record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making economic success feasible for all Canadians. They supply accessibility to on the internet credit score education, cutting-edge credit score devices.

They were the very first business in Canada to bring free credit history reports and scores from Equifax to the on the internet masses.

They likewise originated the concept of an AI powered credit report trainer with their Molly credit scores instructor offering. Molly makes customized suggestions concerning just how to enhance credit report, and also what credit report products would certainly be best suited to every customer based upon their specific credit report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the initial item to permit Canadians to develop their credit score just by paying their rent every month on schedule. Since press time, this service is only being provided to select Borrowell customers at a membership price of $5 per month.

What Does Borrowell Offer?

Free Credit Score Report and Rating:

Borrowell has assisted more than 2 million Canadians by giving them with the devices they require to better comprehend, master as well as manage their credit. Making the most of this offer takes less than 3 mins, and doesn’t have any type of adverse influence on your rating (referred to as a soft debt questions).

Credit Score Builder

A more recent offering just offered to choose Borrowell clients, this item is a credit rating structure cost savings funding that costs $10/monthly, potentially enhances your credit rating, and also provides you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with many leading banks such as BMO and Scotiabank to use a variety of charge card options for Canadian consumers with all various kinds of credit score accounts. Their AI powered credit report coach Molly aids in this process.

Individual Fundings

After acquiring your Equifax Credit history Record and Score, Borrowell displays a variety of vetted instalment financing supplies from their financial institution companions, tailored to your credit history. Although Borrowell does not provide loans straight, they do provide a practical way to promptly compare fundings from relied on partners.


Comparable to their individualized AI-powered charge card and also lending referrals, they also permit Canadians in the marketplace for a home loan a fast means to compare prices, and also have a much better possibility of getting the most effective deal and also rate feasible.


Compare financial options in a hassle-free method with Borrowell’s financial institution contrast device that assists find and also advise the ideal financial products for you


Canadians can contrast insurance products online with Borrowell along with learning more about and taking control of their credit scores.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to construct credit score with their rent for just $5/month. As this product was just announced, even more details are sure to adhere to as it rolls out to all Canadians.

In conclusion, by supplying such a variety of financial devices and also suggestions, Borrowell seeks to be the one stop shop that Canadians think about first when it concerns any element of the individual financial resources.

Borrowell Business Details

Borrowell Company Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as adheres to: Borrowell is a proudly Canadian business with a single goal in mind: to help individuals make excellent decisions regarding credit score. This is why we were the initial in Canada to use totally free credit report and also records from our companion, Equifax, Canada’s biggest credit score bureau.

Borrowell Address

1 University Ave, Toronto, ON M5J 2P1
( Wheelchair Accessible).

Borrowell Products

Free Credit Score.
Free Credit Score Report.
Credit report Coach.
Credit history Builder.
Rent Advantage.

Borrowell Google Review Recap

Borrowell has 4.5 celebrities on Google Reviews assembled from over 700 testimonials.

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Group/ Secret Individuals

Andrew Graham – Co-Founder & CEO.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Profits.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Engineering.