Borrowell Review 2022: Are Free Credit Score Really Free

Are Free Credit Score Really Free

In the past couple of years, it has ended up being much less complex, easier and also cheaper for Canadians to quickly as well as safely get their complimentary credit score and also credit scores report quickly online.

Before 2016, the very best method for Canadians to get their credit scores report and credit history online was to get a totally free test of Equifax’s premium services, or to sign up for Transunion’s similar offering.

Thankfully, late in 2016 a leading on the internet lending provider, Borrowell, partnered with Equifax to supply totally free credit report reports and also scores to all Canadian consumers. This substantially changed the industry landscape overnight.

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

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making financial success possible for all Canadians. They give accessibility to online credit history education and learning, innovative credit report tools.

They were the first firm in Canada to bring cost-free debt records as well as scores from Equifax to the on-line masses.

They likewise originated the principle of an AI powered credit rating instructor with their Molly credit trainer offering. Molly makes individualized suggestions regarding just how to improve credit history, and what credit history products would be ideal fit to each client based upon their particular credit score record elements.

In July of 2022 they launched Borrowell Rent Advantage which is the first item to permit Canadians to develop their debt merely by paying their rent every month on schedule. As of press time, this solution is just being provided to choose Borrowell customers at a membership price of $5 monthly.

What Does Borrowell Offer?

Free Credit Report Report as well as Rating:

Borrowell has aided more than 2 million Canadians by supplying them with the tools they require to better comprehend, master and also manage their credit history. Capitalizing on this deal takes less than 3 mins, and also does not have any kind of negative impact on your rating (referred to as a soft credit query).

Credit Rating Builder

A more recent offering just readily available to select Borrowell consumers, this item is a credit scores structure savings finance that costs $10/monthly, possibly improves your credit history, and also provides you back $240 in cost savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with numerous leading banks such as BMO and Scotiabank to supply a series of credit card alternatives for Canadian consumers with all various sorts of credit rating profiles. Their AI powered debt trainer Molly help in this process.

Personal Loans

After obtaining your Equifax Debt Record as well as Rating, Borrowell presents a series of vetted instalment loan uses from their financial institution companions, tailored to your credit report. Although Borrowell does not use lendings straight, they do provide a practical method to rapidly contrast car loans from relied on partners.

Home Loans

Similar to their individualized AI-powered charge card as well as lending recommendations, they also enable Canadians in the market for a home mortgage a fast method to compare prices, and have a better possibility of getting the best bargain and price feasible.


Compare banking services in a practical means with Borrowell’s financial institution contrast tool that helps find and recommend the ideal banking products for you

Insurance Policy

Canadians can contrast insurance products on-line with Borrowell in addition to discovering as well as taking control of their credit report.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage enables Canadians to build credit with their rent for just $5/month. As this item was just revealed, more details make sure to follow as it turns out to all Canadians.

Finally, by offering such a wide range of financial tools and also suggestions, Borrowell seeks to be the one stop shop that Canadians consider initially when it concerns any element of the personal finances.

Borrowell Company Information

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian business with a single objective in mind: to help individuals make excellent choices regarding credit history. This is why we were the initial in Canada to offer free credit rating and reports from our partner, Equifax, Canada’s largest credit report bureau.

Borrowell Address

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

Borrowell Products

Free Credit Rating.
Free Credit Report Report.
Credit history Coach.
Credit rating Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Management Group/ Secret Individuals

Andrew Graham – Founder & CEO.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, People & Society.
Jeff Yim – CFO, Finance.
Simon Wyse – VP, Revenue.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Design.