Borrowell Review 2022: Borrowell Vs Equifax

Borrowell Vs Equifax

In the past couple of years, it has ended up being much less complex, easier and also more affordable for Canadians to quickly and also firmly acquire their complimentary credit history and also credit history record instantly online.

Prior to 2016, the most effective method for Canadians to get their debt report and also credit history online was to obtain a free trial of Equifax’s costs services, or to register for Transunion’s similar offering.

The good news is, late in 2016 a leading on the internet funding carrier, Borrowell, partnered with Equifax to use complimentary credit reports as well as scores to all Canadian customers. This drastically moved the industry landscape over night.

Join over 2 million various other Canadians and quickly get your cost-free credit report as well as cost-free credit rating record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making monetary success feasible for all Canadians. They offer accessibility to on-line debt education, ingenious credit report devices.

They were the initial company in Canada to bring totally free credit score reports and ratings from Equifax to the on-line masses.

They also originated the idea of an AI powered credit instructor with their Molly credit history instructor offering. Molly makes individualized recommendations about exactly how to improve credit score, as well as what debt products would certainly be finest matched to every consumer based on their certain credit history report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the very first item to enable Canadians to build their credit rating simply by paying their rent every month on schedule. Since press time, this service is only being provided to pick Borrowell consumers at a subscription cost of $5 per month.

What Does Borrowell Deal?

Free Debt Record and Rating:

Borrowell has actually aided greater than 2 million Canadians by offering them with the tools they require to better comprehend, master and also manage their debt. Making the most of this offer takes less than 3 minutes, and doesn’t have any adverse influence on your rating (called a soft credit questions).

Debt Builder

A more recent offering just available to choose Borrowell clients, this item is a credit history structure cost savings car loan that costs $10/monthly, possibly boosts your credit score, and also gives you back $240 in financial savings at the end of the term.

Charge Card Comparisons

Borrowell has partnered with many leading financial institutions such as BMO and Scotiabank to provide a series of charge card options for Canadian consumers with all different sorts of credit scores profiles. Their AI powered credit score instructor Molly aids in this process.

Personal Loans

After acquiring your Equifax Debt Record and Score, Borrowell presents a range of vetted instalment financing uses from their financial institution companions, tailored to your credit score. Although Borrowell does not provide financings directly, they do supply a hassle-free way to swiftly contrast lendings from relied on partners.

Home Loans

Comparable to their customized AI-powered bank card and finance suggestions, they likewise allow Canadians in the marketplace for a home loan a fast way to compare prices, and have a better possibility of getting the most effective bargain as well as price possible.


Compare banking solutions in a hassle-free means with Borrowell’s financial institution comparison device that aids discover as well as suggest the appropriate financial products for you


Canadians can compare insurance coverage products on the internet with Borrowell along with learning about as well as taking control of their credit.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage allows Canadians to construct credit score with their rent for just $5/month. As this product was just introduced, more details make sure to comply with as it rolls out to all Canadians.

To conclude, by using such a vast array of economic tools and referrals, Borrowell looks for to be the one quit shop that Canadians think of initially when it involves any type of element of the personal funds.

Borrowell Business Details

Borrowell Company Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a happily Canadian company with a single goal in mind: to aid individuals make terrific choices about credit report. This is why we were the very first in Canada to use complimentary credit scores as well as records from our partner, Equifax, Canada’s biggest credit bureau.

Borrowell Address

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

Borrowell Products

Free Credit Rating.
Free Credit Score Report.
Credit scores Coach.
Debt Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Management Group/ Secret People

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