Borrowell Review 2022: Borrowell Reviews

Borrowell Reviews

In the past couple of years, it has ended up being much less complex, simpler as well as less expensive for Canadians to swiftly and also firmly obtain their totally free credit rating and also credit history report quickly online.

Before 2016, the most effective way for Canadians to get their credit history record and also credit score online was to get a cost-free test of Equifax’s costs services, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet financing supplier, Borrowell, partnered with Equifax to supply free credit reports and also scores to all Canadian customers. This substantially shifted the sector landscape overnight.

Join over 2 million various other Canadians and also quickly get your totally free credit report and complimentary credit scores report 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 success feasible for all Canadians. They offer accessibility to online credit rating education and learning, cutting-edge credit rating tools.

They were the initial business in Canada to bring free credit records as well as ratings from Equifax to the on the internet masses.

They also originated the concept of an AI powered credit report train with their Molly debt trainer offering. Molly makes personalized suggestions regarding just how to enhance credit score, as well as what credit scores products would be best fit per customer based on their certain credit history record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the first product to allow Canadians to develop their credit report simply by paying their rent each month on time. As of press time, this service is just being used to pick Borrowell customers at a subscription rate of $5 monthly.

What Does Borrowell Deal?

Free Credit Rating Report as well as Rating:

Borrowell has assisted greater than 2 million Canadians by providing them with the devices they require to much better recognize, master as well as handle their credit history. Making the most of this deal takes less than 3 minutes, as well as doesn’t have any adverse impact on your rating (called a soft credit score query).

Debt Builder

A newer offering just available to select Borrowell consumers, this product is a credit report building savings lending that sets you back $10/monthly, potentially improves your credit report, and gives you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with lots of leading financial institutions such as BMO and also Scotiabank to use a series of bank card alternatives for Canadian consumers with all various types of credit history accounts. Their AI powered credit report coach Molly help in this procedure.

Individual Loans

After acquiring your Equifax Credit report Record and Score, Borrowell presents a range of vetted instalment car loan offers from their banks partners, customized to your credit rating. Although Borrowell does not offer finances straight, they do provide a convenient method to quickly contrast car loans from relied on partners.


Similar to their personalized AI-powered charge card as well as funding suggestions, they additionally allow Canadians in the marketplace for a home mortgage a fast way to compare rates, as well as have a far better opportunity of getting the very best deal and price feasible.


Compare financial services in a practical means with Borrowell’s bank comparison tool that helps discover and suggest the appropriate banking products for you

Insurance Coverage

Canadians can compare insurance products on-line with Borrowell in addition to learning about and taking control of their debt.

Rent Advantage

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

In conclusion, by using such a vast array of financial tools and suggestions, Borrowell seeks to be the one stop shop that Canadians think of first when it pertains to any element of the personal financial resources.

Borrowell Firm Information

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian company with a single objective in mind: to aid individuals make wonderful decisions concerning credit scores. This is why we were the first in Canada to offer totally free credit scores as well as records from our partner, Equifax, Canada’s biggest credit history bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Evaluation Summary

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Secret Individuals

Andrew Graham – Co-Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Finance.
Simon Wyse – VP, Income.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Design.