Borrowell Review 2022: Free Credit Report Hurt Score

Free Credit Report Hurt Score

In the past few years, it has became much less complex, less complicated and more affordable for Canadians to quickly and securely acquire their complimentary credit report and also credit history report promptly online.

Before 2016, the most effective way for Canadians to get their credit record and also credit rating online was to get a totally free test of Equifax’s costs services, or to sign up for Transunion’s similar offering.

Thankfully, late in 2016 a leading on-line finance carrier, Borrowell, partnered with Equifax to use cost-free credit rating records and also ratings to all Canadian customers. This drastically shifted the market landscape over night.

Join over 2 million various other Canadians and also instantaneously get your free credit rating and also 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 possible for all Canadians. They supply accessibility to online credit score education and learning, cutting-edge credit score devices.

They were the very first company in Canada to bring totally free credit history reports and also scores from Equifax to the on-line masses.

They also spearheaded the concept of an AI powered credit trainer with their Molly credit report train offering. Molly makes personalized referrals about just how to enhance credit score, and what debt items would be finest matched to every consumer based upon their specific credit history record elements.

In July of 2022 they released Borrowell Rent Advantage which is the first product to enable Canadians to construct their debt just by paying their rent monthly promptly. Since press time, this service is only being provided to pick Borrowell customers at a membership cost of $5 each month.

What Does Borrowell Deal?

Free Credit Report Record as well as Score:

Borrowell has actually assisted more than 2 million Canadians by giving them with the devices they require to better recognize, master and manage their credit rating. Capitalizing on this deal takes less than 3 minutes, and does not have any kind of negative influence on your rating (referred to as a soft credit score query).

Credit Builder

A more recent offering just available to select Borrowell customers, this product is a credit rating structure cost savings loan that costs $10/monthly, possibly improves your credit rating, and provides you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with several leading banks such as BMO as well as Scotiabank to offer a series of charge card choices for Canadian customers with all different kinds of credit profiles. Their AI powered credit rating train Molly aids in this process.

Individual Car Loans

After acquiring your Equifax Debt Record and Rating, Borrowell displays a variety of vetted instalment loan supplies from their financial institution partners, tailored to your credit history. Although Borrowell does not offer fundings straight, they do give a practical method to rapidly contrast finances from relied on companions.

Home Loans

Similar to their customized AI-powered bank card as well as finance recommendations, they also allow Canadians in the marketplace for a home loan a fast method to compare prices, and have a far better opportunity of getting the most effective deal and price possible.


Contrast financial options in a convenient method with Borrowell’s financial institution contrast device that assists find as well as suggest the ideal financial products for you


Canadians can contrast insurance policy products on the internet with Borrowell along with finding out about and taking control of their credit score.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage allows Canadians to build credit with their rent for only $5/month. As this product was simply revealed, even more information make certain to comply with as it rolls out to all Canadians.

Finally, by using such a wide variety of monetary tools as well as referrals, Borrowell seeks to be the one stop store that Canadians think about first when it concerns any kind of element of the individual finances.

Borrowell Firm Info

Borrowell Company Summary

Financial Institution in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian firm with a single objective in mind: to help individuals make excellent choices regarding credit report. This is why we were the very first in Canada to offer free credit report as well as records from our companion, 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 Rating Record.
Debt Train.
Credit score 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 Team/ Trick People

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