Borrowell Review 2022: Borrowell Trustworthy

Borrowell Trustworthy

In the past few years, it has came to be much simpler, easier as well as less expensive for Canadians to promptly and firmly get their free credit rating and also credit score report quickly online.

Before 2016, the most effective way for Canadians to obtain their debt record and credit score online was to obtain a totally free test of Equifax’s premium services, or to sign up for Transunion’s comparable offering.

Fortunately, late in 2016 a leading online loan provider, Borrowell, partnered with Equifax to supply cost-free credit reports as well as scores to all Canadian consumers. This considerably shifted the market landscape overnight.

Join over 2 million various other Canadians and also instantaneously obtain your totally free credit report as well as totally free credit report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making monetary success feasible for all Canadians. They provide accessibility to on-line credit rating education, ingenious credit history tools.

They were the very first business in Canada to bring complimentary credit score records and also scores from Equifax to the on the internet masses.

They also originated the idea of an AI powered credit history train with their Molly debt instructor offering. Molly makes tailored referrals about how to enhance credit report, as well as what credit rating items would certainly be best suited to every consumer based on their particular credit score record factors.

In July of 2022 they released Borrowell Rent Advantage which is the initial item to allow Canadians to build their credit rating just by paying their rent each month promptly. As of press time, this solution is just being provided to select Borrowell clients at a membership cost of $5 each month.

What Does Borrowell Deal?

Free Credit Record and also Rating:

Borrowell has actually helped greater than 2 million Canadians by giving them with the devices they need to better comprehend, master as well as handle their debt. Benefiting from this offer takes less than 3 minutes, and also does not have any unfavorable influence on your rating (known as a soft credit scores inquiry).

Credit Report Builder

A more recent offering just offered to choose Borrowell customers, this item is a credit history building cost savings finance that sets you back $10/monthly, potentially enhances your credit rating, and provides you back $240 in cost savings at the end of the term.

Bank Card Comparisons

Borrowell has actually partnered with several leading financial institutions such as BMO as well as Scotiabank to supply a range of bank card alternatives for Canadian customers with all various types of credit history accounts. Their AI powered credit rating train Molly help in this process.

Personal Car Loans

After acquiring your Equifax Credit Record and also Score, Borrowell presents a variety of vetted instalment lending offers from their financial institution companions, customized to your credit report. Although Borrowell does not offer car loans directly, they do give a practical means to rapidly contrast car loans from relied on partners.

Home Loans

Similar to their customized AI-powered charge card and financing suggestions, they also allow Canadians in the marketplace for a home loan a quick method to contrast prices, and also have a far better possibility of getting the best bargain and price possible.


Contrast financial solutions in a hassle-free method with Borrowell’s financial institution comparison device that helps discover and suggest the best financial products for you


Canadians can contrast insurance products online with Borrowell along with discovering and also taking control of their credit.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage permits Canadians to build credit scores with their rent for just $5/month. As this product was simply revealed, more details make sure to comply with as it turns out to all Canadians.

In conclusion, by providing such a variety of monetary tools and also recommendations, Borrowell seeks to be the one stop shop that Canadians consider initially when it involves any type of facet of the personal finances.

Borrowell Business Details

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian company with a single goal in mind: to aid people make great decisions regarding debt. This is why we were the initial in Canada to provide cost-free credit scores as well as reports from our companion, Equifax, Canada’s largest credit report bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Review Recap

Borrowell has 4.5 stars on Google Reviews put together from over 700 evaluations.

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Leadership Team/ Secret People

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