Borrowell Review 2022: Borrowell Reddit

Borrowell Reddit

In the past couple of years, it has came to be much easier, much easier and more affordable for Canadians to swiftly and also safely acquire their totally free credit rating as well as debt report immediately online.

Before 2016, the best means for Canadians to get their credit scores record and credit rating online was to obtain a free test of Equifax’s premium solutions, or to register for Transunion’s comparable offering.

Luckily, late in 2016 a leading on-line car loan company, Borrowell, partnered with Equifax to use complimentary credit scores reports and ratings to all Canadian customers. This significantly changed the industry landscape over night.

Sign up with over 2 million various other Canadians and quickly obtain your free credit rating as well as complimentary debt record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the objective of making financial prosperity feasible for all Canadians. They provide access to on-line credit education and learning, innovative credit devices.

They were the initial company in Canada to bring complimentary debt records and also ratings from Equifax to the online masses.

They additionally spearheaded the concept of an AI powered credit rating trainer with their Molly credit report trainer offering. Molly makes personalized referrals about exactly how to boost credit rating, as well as what debt products would be finest matched to each client based on their certain credit rating report factors.

In July of 2022 they launched Borrowell Rent Advantage which is the very first product to allow Canadians to develop their credit report merely by paying their rent monthly in a timely manner. Since press time, this service is just being offered to choose Borrowell consumers at a registration cost of $5 monthly.

What Does Borrowell Offer?

Free Credit Record as well as Score:

Borrowell has assisted greater than 2 million Canadians by giving them with the tools they require to better recognize, master and also manage their credit report. Making use of this deal takes less than 3 minutes, and doesn’t have any kind of adverse influence on your rating (called a soft credit score questions).

Credit History Builder

A newer offering only available to pick Borrowell customers, this item is a debt structure savings car loan that sets you back $10/monthly, potentially boosts your credit history, and also gives you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with numerous leading financial institutions such as BMO and also Scotiabank to provide a range of bank card alternatives for Canadian customers with all various sorts of credit score profiles. Their AI powered credit score trainer Molly aids in this procedure.

Personal Car Loans

After acquiring your Equifax Credit rating Record and Score, Borrowell displays a variety of vetted instalment car loan provides from their banks companions, tailored to your credit rating. Although Borrowell does not supply financings straight, they do supply a practical method to swiftly compare financings from trusted companions.


Similar to their individualized AI-powered charge card and lending suggestions, they likewise permit Canadians in the marketplace for a home mortgage a quick way to contrast rates, and also have a far better chance of getting the most effective deal and rate feasible.


Contrast banking remedies in a hassle-free means with Borrowell’s financial institution comparison device that helps find as well as recommend the ideal financial items for you

Insurance Policy

Canadians can contrast insurance products on-line with Borrowell in addition to finding out about as well as taking control of their credit rating.

Rent Advantage

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

To conclude, by supplying such a wide variety of financial tools as well as recommendations, Borrowell looks for to be the one quit shop that Canadians think of initially when it comes to any aspect of the personal financial resources.

Borrowell Business Details

Borrowell Firm Summary

Banks in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian company with a solitary objective in mind: to help individuals make fantastic decisions regarding credit. This is why we were the initial in Canada to use complimentary credit report and records from our partner, Equifax, Canada’s biggest credit report bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Review Recap

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Leadership Group/ Key People

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