Borrowell Review 2022: Borrowell Acquisition

Borrowell Acquisition

In the past few years, it has came to be much less complex, simpler as well as less expensive for Canadians to quickly and securely obtain their complimentary credit report and credit rating record immediately online.

Prior to 2016, the very best method for Canadians to get their credit record as well as credit report online was to get a complimentary trial of Equifax’s premium solutions, or to subscribe to Transunion’s comparable offering.

Thankfully, late in 2016 a leading online financing service provider, Borrowell, partnered with Equifax to use totally free debt records as well as scores to all Canadian customers. This drastically changed the sector landscape overnight.

Sign up with over 2 million various other Canadians as well as quickly obtain your cost-free credit rating and totally free credit scores 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 monetary success feasible for all Canadians. They give accessibility to on-line credit education and learning, ingenious debt devices.

They were the first business in Canada to bring cost-free credit report records and also scores from Equifax to the online masses.

They also originated the concept of an AI powered credit scores train with their Molly credit rating trainer offering. Molly makes tailored referrals about just how to boost credit rating, and what credit rating items would be ideal suited to every consumer based upon their specific credit record elements.

In July of 2022 they launched Borrowell Rent Advantage which is the initial product to permit Canadians to build their credit rating simply by paying their rent monthly in a timely manner. Since press time, this solution is just being provided to select Borrowell clients at a subscription rate of $5 each month.

What Does Borrowell Offer?

Free Credit Record as well as Score:

Borrowell has actually aided more than 2 million Canadians by giving them with the devices they require to better comprehend, master and also handle their credit rating. Making use of this offer takes less than 3 mins, and does not have any kind of negative effect on your rating (known as a soft credit report inquiry).

Credit Scores Builder

A newer offering only offered to choose Borrowell clients, this item is a credit score building cost savings funding that sets you back $10/monthly, potentially enhances your credit rating, as well as offers you back $240 in financial savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with lots of leading banks such as BMO as well as Scotiabank to provide a series of credit card alternatives for Canadian consumers with all different sorts of credit scores accounts. Their AI powered credit score train Molly help in this process.

Personal Finances

After obtaining your Equifax Credit Record as well as Score, Borrowell displays a series of vetted instalment lending uses from their financial institution partners, tailored to your credit report. Although Borrowell does not provide lendings straight, they do offer a hassle-free method to rapidly compare fundings from relied on companions.

Home Loans

Similar to their customized AI-powered bank card and also lending recommendations, they also permit Canadians in the marketplace for a home loan a fast means to compare prices, and have a far better chance of obtaining the most effective bargain as well as rate possible.


Compare banking options in a convenient method with Borrowell’s bank contrast device that assists find and also suggest the appropriate financial items for you

Insurance Coverage

Canadians can compare insurance policy products online with Borrowell in addition to learning about and also taking control of their credit rating.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage enables Canadians to develop credit history with their rent for just $5/month. As this product was simply introduced, more information are sure to follow as it turns out to all Canadians.

Finally, by supplying such a large range of monetary tools as well as suggestions, Borrowell looks for to be the one stop shop that Canadians consider first when it concerns any facet of the personal financial resources.

Borrowell Company Details

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a proudly Canadian company with a single objective in mind: to assist people make fantastic decisions regarding debt. This is why we were the first in Canada to supply totally free credit rating and records from our companion, Equifax, Canada’s biggest credit report bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Record.
Credit report Coach.
Credit scores Builder.
Rent Advantage.

Borrowell Google Review Recap

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Team/ Trick People

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