Borrowell Review 2022: Borrowell Layoffs

Borrowell Layoffs

In the past couple of years, it has came to be much less complex, less complicated and cheaper for Canadians to quickly and also firmly get their complimentary credit report and credit scores report quickly online.

Prior to 2016, the very best method for Canadians to get their credit score report and also credit history online was to obtain a cost-free test of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

Luckily, late in 2016 a leading on the internet lending provider, Borrowell, partnered with Equifax to provide free credit scores records and also ratings to all Canadian customers. This drastically changed the sector landscape over night.

Join over 2 million other Canadians and instantaneously get your complimentary credit score and complimentary credit score report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making financial success possible for all Canadians. They supply access to on-line credit history education, cutting-edge credit history tools.

They were the first business in Canada to bring free credit reports and also ratings from Equifax to the online masses.

They likewise originated the idea of an AI powered credit scores instructor with their Molly credit rating trainer offering. Molly makes personalized suggestions regarding just how to enhance credit score, and also what credit rating products would be ideal fit to every consumer based on their details credit rating report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the initial item to allow Canadians to construct their debt just by paying their rent monthly on schedule. As of press time, this solution is only being used to choose Borrowell consumers at a subscription cost of $5 monthly.

What Does Borrowell Deal?

Free Credit Scores Record as well as Rating:

Borrowell has actually aided more than 2 million Canadians by giving them with the devices they need to much better recognize, master and also manage their credit. Making use of this offer takes less than 3 mins, and doesn’t have any unfavorable effect on your score (known as a soft credit report questions).

Debt Builder

A newer offering only offered to choose Borrowell customers, this item is a credit history structure cost savings funding that sets you back $10/monthly, possibly improves your credit score, and gives you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with many leading banks such as BMO and also Scotiabank to use a series of credit card choices for Canadian customers with all various types of credit score accounts. Their AI powered credit report instructor Molly help in this process.

Personal Finances

After acquiring your Equifax Credit report Record and Rating, Borrowell shows a series of vetted instalment finance supplies from their banks partners, customized to your credit report. Although Borrowell does not use lendings straight, they do give a practical way to rapidly compare car loans from relied on companions.

Home Loans

Comparable to their individualized AI-powered bank card and also financing referrals, they additionally allow Canadians on the market for a mortgage a fast means to contrast rates, and have a far better possibility of getting the best bargain and rate feasible.


Contrast financial services in a hassle-free method with Borrowell’s bank comparison tool that assists locate and also advise the right financial items for you


Canadians can compare insurance coverage items online with Borrowell along with finding out about and taking control of their credit report.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage allows Canadians to construct credit rating with their rent for just $5/month. As this product was simply revealed, more information make certain to comply with as it rolls out to all Canadians.

In conclusion, by using such a wide variety of monetary tools and also suggestions, Borrowell looks for to be the one quit store that Canadians consider first when it concerns any kind of facet of the personal financial resources.

Borrowell Company Info

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Describes itself as follows: Borrowell is a proudly Canadian business with a single goal in mind: to assist individuals make fantastic choices regarding credit history. This is why we were the initial in Canada to supply cost-free credit report and records from our partner, Equifax, Canada’s biggest credit score bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit Report.
Credit Coach.
Credit report Builder.
Rent Advantage.

Borrowell Google Evaluation Summary

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

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Leadership Team/ Secret Individuals

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