Borrowell Review 2022: Free Credit Report Covid

Free Credit Report Covid

In the past couple of years, it has became much easier, less complicated and less costly for Canadians to swiftly and also firmly acquire their free credit report and debt record immediately online.

Prior to 2016, the best way for Canadians to get their credit score report as well as credit rating online was to obtain a cost-free trial of Equifax’s premium solutions, or to register for Transunion’s similar offering.

Luckily, late in 2016 a leading online financing carrier, Borrowell, partnered with Equifax to provide totally free credit rating reports and ratings to all Canadian customers. This dramatically shifted the sector landscape overnight.

Sign up with over 2 million various other Canadians and also immediately obtain your complimentary credit rating and totally free credit history record now 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 possible for all Canadians. They supply accessibility to on the internet credit report education and learning, ingenious credit rating devices.

They were the very first company in Canada to bring free debt reports as well as ratings from Equifax to the on-line masses.

They additionally spearheaded the concept of an AI powered credit rating train with their Molly credit rating train offering. Molly makes tailored suggestions about exactly how to boost credit history, and also what credit items would certainly be finest fit to each customer based upon their particular credit report variables.

In July of 2022 they released Borrowell Rent Advantage which is the very first item to enable Canadians to construct their credit scores just by paying their rent every month in a timely manner. Since press time, this service is just being provided to pick Borrowell consumers at a membership cost of $5 each month.

What Does Borrowell Offer?

Free Debt Record and Rating:

Borrowell has assisted greater than 2 million Canadians by providing them with the devices they require to much better recognize, master and also handle their credit history. Making the most of this offer takes less than 3 minutes, and also does not have any type of adverse effect on your score (known as a soft credit report questions).

Credit Score Builder

A more recent offering just offered to pick Borrowell consumers, this product is a credit score structure cost savings loan that sets you back $10/monthly, possibly boosts your credit report, as well as offers you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with many leading financial institutions such as BMO and Scotiabank to offer a range of bank card alternatives for Canadian consumers with all various types of debt profiles. Their AI powered credit rating trainer Molly help in this process.

Individual Lendings

After obtaining your Equifax Credit report Report and Rating, Borrowell displays a range of vetted instalment funding provides from their financial institution partners, tailored to your credit report. Although Borrowell does not use car loans directly, they do supply a hassle-free way to promptly contrast finances from relied on companions.


Comparable to their individualized AI-powered credit card as well as funding suggestions, they additionally allow Canadians in the marketplace for a home mortgage a quick method to contrast prices, and also have a much better opportunity of getting the best offer and also price feasible.


Compare financial services in a convenient method with Borrowell’s financial institution comparison tool that helps locate as well as recommend the ideal financial products for you

Insurance Coverage

Canadians can compare insurance policy items online with Borrowell along with finding out about as well as taking control of their credit.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage enables Canadians to build credit history with their rent for just $5/month. As this item was simply announced, more information make sure to follow as it rolls out to all Canadians.

In conclusion, by using such a wide variety of economic devices as well as referrals, Borrowell looks for to be the one stop shop that Canadians think of first when it comes to any facet of the personal financial resources.

Borrowell Company Info

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a proudly Canadian company with a solitary goal in mind: to aid people make terrific decisions regarding credit report. This is why we were the very first in Canada to use totally free credit report as well as reports from our partner, Equifax, Canada’s biggest credit report bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Review Recap

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick Individuals

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