Borrowell Review 2022: Borrowell To Acquire Refresh Financial

Borrowell To Acquire Refresh Financial

In the past couple of years, it has ended up being much simpler, simpler and also less expensive for Canadians to rapidly and securely get their free credit score and credit score report instantaneously online.

Prior to 2016, the best way for Canadians to obtain their credit history report and credit score online was to obtain a totally free trial of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading on the internet loan carrier, Borrowell, partnered with Equifax to supply free credit score records and also ratings to all Canadian customers. This dramatically changed the sector landscape over night.

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

Who is Borrowell?

Borrowell is a Toronto based fintech company with the goal of making economic success possible for all Canadians. They give accessibility to online credit score education, ingenious credit devices.

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

They also pioneered the concept of an AI powered credit history trainer with their Molly credit history trainer offering. Molly makes individualized referrals about exactly how to boost credit history, as well as what debt products would certainly be ideal matched to each client based upon their certain credit rating report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the first product to permit Canadians to construct their credit report merely by paying their rent each month in a timely manner. As of press time, this solution is only being used to choose Borrowell clients at a registration cost of $5 per month.

What Does Borrowell Deal?

Free Credit Score Record and Score:

Borrowell has actually assisted more than 2 million Canadians by supplying them with the tools they require to better comprehend, master as well as handle their debt. Capitalizing on this deal takes less than 3 mins, and also doesn’t have any kind of negative impact on your rating (called a soft credit scores inquiry).

Credit History Builder

A newer offering just readily available to pick Borrowell customers, this product is a debt building cost savings funding that sets you back $10/monthly, potentially boosts 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 banks such as BMO as well as Scotiabank to supply a series of bank card options for Canadian customers with all different sorts of credit scores profiles. Their AI powered debt trainer Molly help in this process.

Personal Lendings

After getting your Equifax Credit scores Report and also Rating, Borrowell presents a variety of vetted instalment finance provides from their financial institution partners, customized to your credit history. Although Borrowell does not use finances directly, they do offer a practical way to promptly contrast loans from trusted partners.

Home Mortgages

Similar to their customized AI-powered bank card and loan recommendations, they likewise allow Canadians on the market for a home mortgage a quick way to contrast rates, and have a much better possibility of obtaining the best deal and also price possible.


Compare banking services in a practical means with Borrowell’s bank contrast device that assists find and also advise the best banking products for you


Canadians can compare insurance products online with Borrowell in addition to learning about as well as taking control of their debt.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to construct credit scores with their rent for only $5/month. As this item was just revealed, more details make certain to follow as it rolls out to all Canadians.

Finally, by using such a wide range of financial devices and also referrals, Borrowell looks for to be the one stop store that Canadians think of initially when it involves any type of aspect of the personal financial resources.

Borrowell Firm Information

Borrowell Company Description

Financial Institution in Toronto, Ontario

Borrowell Defines itself as complies with: Borrowell is a proudly Canadian business with a single goal in mind: to assist people make great choices regarding credit rating. This is why we were the very first in Canada to use cost-free credit scores and records from our partner, Equifax, Canada’s largest debt bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit History Record.
Credit scores Train.
Debt Builder.
Rent Advantage.

Borrowell Google Evaluation Recap

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

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Leadership Team/ Key People

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