Borrowell Review 2022: Borrowell Mission

Borrowell Mission

In the past couple of years, it has came to be much simpler, less complicated and more affordable for Canadians to quickly and also safely acquire their free credit rating and also credit scores record quickly online.

Before 2016, the very best way for Canadians to get their credit record as well as credit score online was to obtain a cost-free trial of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

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

Sign up with over 2 million other Canadians and instantaneously get your totally free credit score and also totally free credit scores report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making economic success possible for all Canadians. They give accessibility to on the internet credit education, ingenious credit history tools.

They were the initial company in Canada to bring complimentary credit history records and also scores from Equifax to the online masses.

They likewise spearheaded the idea of an AI powered debt train with their Molly credit history trainer offering. Molly makes personalized recommendations about exactly how to boost credit rating, and what credit score items would be ideal matched to each customer based upon their certain debt report variables.

In July of 2022 they launched Borrowell Rent Advantage which is the initial product to allow Canadians to build their debt merely by paying their rent every month on schedule. As of press time, this solution is only being used to pick Borrowell customers at a membership price of $5 monthly.

What Does Borrowell Deal?

Free Debt Record as well as Score:

Borrowell has actually aided greater than 2 million Canadians by supplying them with the tools they need to much better comprehend, master and manage their debt. Making the most of this offer takes less than 3 mins, as well as does not have any type of negative impact on your score (referred to as a soft credit score inquiry).

Credit Report Builder

A newer offering only available to pick Borrowell customers, this item is a credit score structure savings funding that sets you back $10/monthly, possibly enhances your credit rating, as well as offers you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with lots of leading financial institutions such as BMO and Scotiabank to provide a variety of credit card alternatives for Canadian customers with all different types of credit rating profiles. Their AI powered credit report trainer Molly help in this process.

Personal Fundings

After acquiring your Equifax Credit report Report and Score, Borrowell presents a range of vetted instalment financing supplies from their banks companions, customized to your credit history. Although Borrowell does not offer financings directly, they do offer a convenient way to swiftly contrast finances from relied on partners.


Comparable to their customized AI-powered charge card and funding referrals, they additionally permit Canadians out there for a home loan a quick way to contrast prices, and have a far better opportunity of obtaining the most effective deal and also price feasible.


Compare banking solutions in a convenient means with Borrowell’s financial institution comparison device that helps find and also advise the right financial products for you

Insurance Coverage

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

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to develop credit history with their rent for only $5/month. As this item was simply revealed, even more information make certain to comply with as it turns out to all Canadians.

In conclusion, by supplying such a wide range of financial tools as well as recommendations, Borrowell looks for to be the one quit store that Canadians think about initially when it comes to any type of element of the personal finances.

Borrowell Firm Details

Borrowell Firm Summary

Banks in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian company with a single objective in mind: to help people make excellent decisions concerning credit score. This is why we were the initial in Canada to provide totally free credit rating and also records from our partner, Equifax, Canada’s biggest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Rating Report.
Credit history Train.
Credit scores Builder.
Rent Advantage.

Borrowell Google Review Recap

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Key People

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