Borrowell Review 2022: 3 Free Credit Report Once A Year

3 Free Credit Report Once A Year

In the past few years, it has ended up being much simpler, easier and also less costly for Canadians to quickly and also securely obtain their cost-free credit rating as well as credit history report instantly online.

Before 2016, the most effective method for Canadians to get their credit score record and credit rating online was to obtain a complimentary test of Equifax’s costs solutions, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet lending company, Borrowell, partnered with Equifax to supply free debt reports and also ratings to all Canadian customers. This considerably changed the sector landscape overnight.

Sign up with over 2 million various other Canadians as well as promptly get your complimentary credit history and also complimentary credit rating record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic success possible for all Canadians. They supply access to on-line credit report education, ingenious credit history devices.

They were the initial company in Canada to bring totally free credit rating records and also ratings from Equifax to the online masses.

They likewise originated the idea of an AI powered credit scores train with their Molly debt train offering. Molly makes customized referrals about just how to improve credit rating, and also what credit rating items would certainly be best matched to each client based upon their details credit rating report factors.

In July of 2022 they released Borrowell Rent Advantage which is the first item to allow Canadians to construct their credit simply by paying their rent monthly in a timely manner. Since press time, this service is just being provided to pick Borrowell clients at a membership rate of $5 each month.

What Does Borrowell Deal?

Free Credit History Record and also Score:

Borrowell has assisted more than 2 million Canadians by offering them with the devices they need to much better understand, master and handle their debt. Benefiting from this offer takes less than 3 mins, as well as doesn’t have any type of adverse effect on your rating (known as a soft credit score questions).

Debt Builder

A newer offering just readily available to pick Borrowell clients, this item is a credit rating structure financial savings funding that sets you back $10/monthly, possibly improves your credit report, and also provides you back $240 in financial savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with several leading financial institutions such as BMO and also Scotiabank to offer a series of bank card choices for Canadian customers with all various sorts of credit score accounts. Their AI powered credit scores instructor Molly aids in this procedure.

Individual Lendings

After getting your Equifax Credit scores Record and also Score, Borrowell displays a series of vetted instalment finance uses from their financial institution partners, customized to your credit score. Although Borrowell does not supply fundings straight, they do offer a convenient means to swiftly compare loans from relied on companions.

Home Mortgages

Similar to their personalized AI-powered credit card and loan suggestions, they additionally enable Canadians in the market for a home mortgage a fast way to contrast prices, and have a much better possibility of getting the most effective offer and rate feasible.


Compare financial remedies in a convenient method with Borrowell’s bank comparison tool that assists find and also suggest the appropriate financial items for you

Insurance Coverage

Canadians can contrast insurance products online with Borrowell in addition to finding out about and taking control of their debt.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage enables Canadians to construct credit scores with their rent for just $5/month. As this product was simply announced, more information make certain to comply with as it turns out to all Canadians.

In conclusion, by offering such a large range of financial devices as well as suggestions, Borrowell looks for to be the one stop store that Canadians consider first when it pertains to any kind of element of the personal funds.

Borrowell Company Info

Borrowell Company Description

Financial Institution in Toronto, Ontario

Borrowell Describes itself as follows: Borrowell is a happily Canadian company with a single objective in mind: to aid people make terrific choices regarding credit report. This is why we were the initial in Canada to offer complimentary credit rating and also reports from our partner, Equifax, Canada’s largest credit history bureau.

Borrowell Address

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

Borrowell Products

Free Credit Rating.
Free Credit Score Report.
Credit history Train.
Credit scores Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

Borrowell has 4.5 celebrities on Google Reviews put together from over 700 evaluations.

Borrowell Current Procurements

2021 – Refresh Financial.

Borrowell Management Team/ Trick People

Andrew Graham – Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Founder & COO.
Lisa Brown – VP, Individuals & Society.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Revenue.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Design.