Borrowell Review 2022: Annual Free Credit Report Transunion

Annual Free Credit Report Transunion

In the past few years, it has ended up being much less complex, much easier and more affordable for Canadians to swiftly and also safely get their complimentary credit rating and also debt record quickly online.

Prior to 2016, the very best means for Canadians to obtain their credit record as well as credit score online was to get a complimentary test of Equifax’s costs services, or to register for Transunion’s similar offering.

Luckily, late in 2016 a leading on-line car loan service provider, Borrowell, partnered with Equifax to provide totally free credit history reports and scores to all Canadian consumers. This substantially shifted the sector landscape overnight.

Sign up with over 2 million various other Canadians as well as instantly obtain your complimentary credit report and cost-free credit rating record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the goal of making economic prosperity feasible for all Canadians. They provide access to on the internet credit scores education, ingenious credit history devices.

They were the first firm in Canada to bring totally free credit scores reports as well as ratings from Equifax to the online masses.

They likewise pioneered the concept of an AI powered debt coach with their Molly credit scores train offering. Molly makes tailored suggestions regarding how to enhance credit history, and also what credit report items would be best suited to each client based on their specific credit scores report factors.

In July of 2022 they released Borrowell Rent Advantage which is the initial product to permit Canadians to build their credit history merely by paying their rent every month promptly. As of press time, this solution is just being provided to select Borrowell customers at a membership cost of $5 per month.

What Does Borrowell Offer?

Free Credit Report and also Score:

Borrowell has helped more than 2 million Canadians by providing them with the devices they require to much better understand, master and manage their debt. Taking advantage of this deal takes less than 3 minutes, as well as does not have any adverse impact on your rating (referred to as a soft credit rating query).

Credit Builder

A more recent offering only available to pick Borrowell customers, this product is a credit report structure cost savings loan that costs $10/monthly, potentially boosts your credit score, and also provides you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has partnered with lots of leading financial institutions such as BMO as well as Scotiabank to offer a series of charge card options for Canadian consumers with all various sorts of credit scores accounts. Their AI powered credit report instructor Molly aids in this procedure.

Individual Finances

After acquiring your Equifax Credit Report and also Rating, Borrowell displays a series of vetted instalment lending uses from their financial institution partners, tailored to your credit score. Although Borrowell does not use lendings straight, they do offer a convenient means to promptly contrast loans from relied on companions.

Home Mortgages

Comparable to their individualized AI-powered charge card and financing recommendations, they likewise permit Canadians out there for a mortgage a fast method to compare prices, and have a better opportunity of obtaining the best bargain and price possible.


Compare banking options in a convenient method with Borrowell’s bank comparison device that helps discover and recommend the appropriate banking items for you

Insurance Coverage

Canadians can compare insurance products on-line with Borrowell in addition to learning about as well as taking control of their credit.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to build debt with their rent for just $5/month. As this item was simply announced, more information make certain to adhere to as it turns out to all Canadians.

In conclusion, by offering such a wide variety of financial devices and also referrals, Borrowell seeks to be the one stop store that Canadians think of first when it pertains to any kind of aspect of the personal financial resources.

Borrowell Business Details

Borrowell Business Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian company with a solitary goal in mind: to assist people make wonderful choices concerning credit. This is why we were the very first in Canada to supply totally free credit rating as well as reports from our partner, Equifax, Canada’s biggest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Scores Report.
Debt Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Team/ Secret Individuals

Andrew Graham – Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Revenue.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Engineering.