Borrowell Review 2022: Free Credit Report By Phone

Free Credit Report By Phone

In the past couple of years, it has ended up being much less complex, much easier and also more affordable for Canadians to swiftly and also firmly get their cost-free credit score and also credit scores report promptly online.

Before 2016, the best method for Canadians to get their debt record as well as credit score online was to obtain a free test of Equifax’s costs solutions, or to sign up for Transunion’s similar offering.

Thankfully, late in 2016 a leading on the internet financing carrier, Borrowell, partnered with Equifax to offer free debt reports and ratings to all Canadian customers. This considerably shifted the sector landscape overnight.

Join over 2 million other Canadians and promptly obtain your cost-free credit report and cost-free credit scores report now 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 access to on-line credit rating education and learning, ingenious credit report tools.

They were the very first company in Canada to bring cost-free credit report reports as well as scores from Equifax to the on-line masses.

They also originated the concept of an AI powered credit history instructor with their Molly debt train offering. Molly makes customized recommendations about just how to enhance credit score, and what credit report products would be finest fit per consumer based on their certain credit scores report elements.

In July of 2022 they launched Borrowell Rent Advantage which is the initial product to allow Canadians to develop their credit scores merely by paying their rent each month on schedule. Since press time, this solution is just being supplied to pick Borrowell customers at a registration cost of $5 each month.

What Does Borrowell Offer?

Free Credit Record and Rating:

Borrowell has aided more than 2 million Canadians by providing them with the devices they require to much better recognize, master and also manage their debt. Benefiting from this offer takes less than 3 mins, and does not have any type of unfavorable influence on your rating (known as a soft credit score query).

Debt Builder

A newer offering only readily available to choose Borrowell consumers, this product is a credit history structure cost savings car loan that sets you back $10/monthly, possibly improves your credit score, as well as gives you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has actually partnered with numerous leading banks such as BMO and Scotiabank to use a variety of bank card choices for Canadian consumers with all various types of credit score profiles. Their AI powered credit scores train Molly help in this procedure.

Personal Financings

After obtaining your Equifax Credit report Report and also Score, Borrowell presents a variety of vetted instalment financing provides from their banks companions, tailored to your credit rating. Although Borrowell does not use loans directly, they do provide a convenient means to quickly contrast lendings from relied on companions.

Home Loans

Similar to their personalized AI-powered credit card as well as car loan recommendations, they also permit Canadians out there for a mortgage a fast method to contrast prices, as well as have a far better possibility of obtaining the most effective deal as well as rate possible.


Compare banking options in a convenient method with Borrowell’s bank contrast device that assists locate and recommend the appropriate financial items for you

Insurance Coverage

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

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to develop credit score with their rent for just $5/month. As this product was simply revealed, more details make certain to adhere to as it presents to all Canadians.

Finally, by providing such a large range of financial tools as well as referrals, Borrowell seeks to be the one stop shop that Canadians think of initially when it concerns any type of aspect of the individual funds.

Borrowell Business Information

Borrowell Business Description

Banks in Toronto, Ontario

Borrowell Defines itself as follows: Borrowell is a proudly Canadian business with a single goal in mind: to assist people make terrific choices regarding credit rating. This is why we were the very first in Canada to use totally free credit report and reports 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 Score.
Free Credit Scores Record.
Credit history Train.
Credit rating Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Management Team/ Trick People

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