Borrowell Review 2022: Borrowwell 2021

Borrowwell 2021

In the past couple of years, it has became much simpler, less complicated and also less costly for Canadians to quickly and firmly acquire their complimentary credit report and also credit rating record immediately online.

Before 2016, the very best way for Canadians to get their credit history report and also credit rating online was to obtain a free test of Equifax’s premium solutions, or to sign up for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on-line car loan company, Borrowell, partnered with Equifax to supply free credit report records as well as ratings to all Canadian consumers. This substantially changed the sector landscape overnight.

Sign up with over 2 million various other Canadians and also quickly get your cost-free credit history 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 firm with the goal of making economic prosperity feasible for all Canadians. They offer accessibility to on-line credit rating education, ingenious credit report tools.

They were the first firm in Canada to bring free credit report records as well as scores from Equifax to the on-line masses.

They also originated the principle of an AI powered credit scores trainer with their Molly credit score trainer offering. Molly makes customized referrals regarding how to boost credit history, and what debt items would be ideal fit to every customer based on their particular credit score record variables.

In July of 2022 they launched Borrowell Rent Advantage which is the very first item to enable Canadians to develop their credit score merely by paying their rent each month on schedule. Since press time, this solution is just being provided to choose Borrowell customers at a membership rate of $5 monthly.

What Does Borrowell Deal?

Free Debt Report as well as Score:

Borrowell has assisted greater than 2 million Canadians by providing them with the devices they need to much better recognize, master as well as handle their credit. Making the most of this offer takes less than 3 mins, as well as does not have any type of unfavorable impact on your rating (referred to as a soft credit report inquiry).

Credit Rating Builder

A more recent offering only available to choose Borrowell clients, this item is a credit structure savings funding that costs $10/monthly, potentially improves your credit report, and also gives you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with many leading banks such as BMO and also Scotiabank to supply a series of bank card alternatives for Canadian customers with all various kinds of credit report accounts. Their AI powered debt instructor Molly help in this process.

Personal Financings

After getting your Equifax Credit history Record and also Score, Borrowell displays a series of vetted instalment lending supplies from their banks companions, customized to your credit history. Although Borrowell does not supply lendings straight, they do provide a hassle-free method to quickly compare car loans from trusted companions.


Similar to their customized AI-powered credit card and financing suggestions, they additionally allow Canadians on the market for a home mortgage a quick way to contrast prices, and have a better chance of obtaining the very best bargain and rate feasible.


Compare banking services in a convenient method with Borrowell’s bank comparison device that aids discover and recommend the ideal financial items for you


Canadians can compare insurance products online with Borrowell along with learning about and taking control of their credit report.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage enables Canadians to construct credit scores with their rent for just $5/month. As this item was just revealed, more information make sure to comply with as it rolls out to all Canadians.

To conclude, by providing such a vast array of economic tools and referrals, Borrowell looks for to be the one stop store that Canadians think of first when it involves any aspect of the individual finances.

Borrowell Firm Details

Borrowell Firm Summary

Banks in Toronto, Ontario

Borrowell Defines itself as complies with: Borrowell is a happily Canadian business with a single objective in mind: to help individuals make terrific choices about credit scores. This is why we were the very first in Canada to provide cost-free credit report and also records from our companion, Equifax, Canada’s largest credit scores bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Report Record.
Credit rating Train.
Credit score Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Team/ Key People

Andrew Graham – Founder & CEO.
Eva Wong – Founder & COO.
Lisa Brown – VP, People & Society.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Income.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Design.