Borrowell Review 2022: Free Credit Report Every Month

Free Credit Report Every Month

In the past couple of years, it has became much less complex, less complicated as well as more affordable for Canadians to quickly and also safely obtain their cost-free credit score as well as debt record promptly online.

Before 2016, the best method for Canadians to obtain their credit history record and also credit score online was to obtain a free test of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading on-line lending supplier, Borrowell, partnered with Equifax to offer complimentary credit history records and also ratings to all Canadian consumers. This considerably changed the industry landscape overnight.

Sign up with over 2 million various other Canadians and promptly obtain your complimentary credit score and also free credit history report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic success feasible for all Canadians. They give accessibility to on-line credit report education and learning, innovative credit rating tools.

They were the very first business in Canada to bring complimentary credit history reports and scores from Equifax to the on-line masses.

They additionally originated the principle of an AI powered credit instructor with their Molly credit report trainer offering. Molly makes tailored recommendations concerning exactly how to improve credit report, and also what credit scores items would certainly be best matched per consumer based upon their particular credit scores record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the first item to enable Canadians to construct their credit history just by paying their rent each month on time. Since press time, this service is only being offered to pick Borrowell clients at a membership cost of $5 monthly.

What Does Borrowell Offer?

Free Credit Report Record as well as Score:

Borrowell has assisted more than 2 million Canadians by giving them with the devices they need to better recognize, master and also handle their credit scores. Benefiting from this offer takes less than 3 mins, as well as does not have any type of negative influence on your rating (called a soft credit history query).

Credit Rating Builder

A newer offering just readily available to choose Borrowell clients, this item is a credit scores structure cost savings loan that costs $10/monthly, potentially enhances your credit report, and offers you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with many leading financial institutions such as BMO and Scotiabank to use a variety of bank card alternatives for Canadian consumers with all various sorts of debt accounts. Their AI powered credit history train Molly aids in this process.

Personal Fundings

After obtaining your Equifax Credit score Record as well as Score, Borrowell displays a series of vetted instalment car loan provides from their financial institution companions, tailored to your credit history. Although Borrowell does not supply car loans directly, they do give a practical way to quickly contrast fundings from relied on companions.


Similar to their individualized AI-powered bank card and loan referrals, they also enable Canadians in the marketplace for a mortgage a quick method to contrast prices, as well as have a much better chance of getting the most effective offer and also price feasible.


Contrast financial solutions in a convenient means with Borrowell’s bank comparison tool that assists locate as well as recommend the appropriate financial products for you

Insurance Policy

Canadians can compare insurance policy items on-line with Borrowell in addition to learning more about and also taking control of their credit history.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage allows Canadians to develop credit rating with their rent for just $5/month. As this item was just revealed, more details make sure to follow as it turns out to all Canadians.

Finally, by providing such a large range of financial devices and referrals, Borrowell looks for to be the one stop store that Canadians think about first when it comes to any type of element of the personal financial resources.

Borrowell Firm Details

Borrowell Business Summary

Financial Institution in Toronto, Ontario

Borrowell Defines itself as complies with: Borrowell is a proudly Canadian company with a single objective in mind: to aid people make great choices regarding credit. This is why we were the initial in Canada to provide totally free credit scores and reports from our partner, Equifax, Canada’s biggest credit scores bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit History Report.
Credit Coach.
Credit history Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

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

Borrowell Current Procurements

2021 – Refresh Financial.

Borrowell Management Group/ Key People

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