Borrowell Review 2022: Borrowell Boost

Borrowell Boost

In the past few years, it has came to be much simpler, much easier as well as cheaper for Canadians to quickly as well as firmly obtain their complimentary credit report as well as credit rating report immediately online.

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

Thankfully, late in 2016 a leading on-line loan company, Borrowell, partnered with Equifax to offer totally free credit history reports as well as scores to all Canadian customers. This significantly moved the sector landscape over night.

Join over 2 million various other Canadians and also promptly get your free credit rating and also free credit rating record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making financial prosperity feasible for all Canadians. They give accessibility to on the internet credit education, cutting-edge credit report devices.

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

They likewise originated the idea of an AI powered credit report coach with their Molly credit train offering. Molly makes personalized suggestions regarding just how to enhance credit report, and what credit report items would be best suited to each client based on their particular credit score record elements.

In July of 2022 they released Borrowell Rent Advantage which is the very first item to enable Canadians to build their credit rating simply by paying their rent every month on schedule. As of press time, this solution is just being used to select Borrowell customers at a membership cost of $5 each month.

What Does Borrowell Offer?

Free Credit Scores Record and Score:

Borrowell has assisted greater than 2 million Canadians by giving them with the devices they require to much better understand, master as well as handle their credit score. Making use of this deal takes less than 3 mins, as well as doesn’t have any unfavorable effect on your rating (called a soft credit report inquiry).

Credit Scores Builder

A newer offering just offered to choose Borrowell customers, this product is a credit scores building financial savings loan that costs $10/monthly, potentially boosts your credit report, and also offers you back $240 in financial savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with lots of leading financial institutions such as BMO as well as Scotiabank to offer a series of bank card options for Canadian customers with all various kinds of credit profiles. Their AI powered credit score coach Molly aids in this process.

Individual Financings

After getting your Equifax Debt Record and also Rating, Borrowell displays a series of vetted instalment funding uses from their banks partners, tailored to your credit score. Although Borrowell does not supply lendings straight, they do provide a hassle-free way to rapidly compare lendings from trusted partners.


Similar to their customized AI-powered charge card as well as loan suggestions, they likewise enable Canadians out there for a mortgage a quick way to contrast rates, and have a far better possibility of obtaining the very best offer and also rate possible.


Compare financial remedies in a convenient method with Borrowell’s bank comparison tool that assists find and recommend the ideal financial products for you

Insurance Coverage

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

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage permits Canadians to construct credit history with their rent for just $5/month. As this product was just revealed, even more information make certain to follow as it presents to all Canadians.

To conclude, by offering such a large range of financial devices and also suggestions, Borrowell looks for to be the one stop shop that Canadians think of initially when it involves any type of aspect of the individual funds.

Borrowell Firm Information

Borrowell Business Description

Banks in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a happily Canadian business with a solitary objective in mind: to assist people make excellent decisions concerning credit rating. This is why we were the initial in Canada to offer cost-free credit rating and also records from our companion, Equifax, Canada’s biggest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit Rating.
Free Credit Score Record.
Credit score Coach.
Credit scores Builder.
Rent Advantage.

Borrowell Google Evaluation Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Group/ Key Individuals

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