Borrowell Review 2022: Free Credit Report Legit

Free Credit Report Legit

In the past couple of years, it has ended up being much less complex, much easier and also less expensive for Canadians to promptly and also securely obtain their complimentary credit report and credit history record quickly online.

Before 2016, the most effective means for Canadians to get their credit score record and credit report online was to obtain a complimentary test of Equifax’s premium services, or to register for Transunion’s similar offering.

Fortunately, late in 2016 a leading on-line financing provider, Borrowell, partnered with Equifax to offer totally free credit records as well as ratings to all Canadian customers. This drastically changed the sector landscape over night.

Sign up with over 2 million various other Canadians and instantaneously get your complimentary credit history and cost-free credit rating record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making financial success feasible for all Canadians. They offer accessibility to on the internet credit history education, ingenious credit history tools.

They were the first business in Canada to bring cost-free credit history records as well as ratings from Equifax to the online masses.

They likewise pioneered the principle of an AI powered credit rating train with their Molly credit train offering. Molly makes individualized recommendations concerning how to boost credit history, and what credit scores items would be finest matched to each consumer based upon their particular debt record elements.

In July of 2022 they released Borrowell Rent Advantage which is the initial product to permit Canadians to construct their credit history just by paying their rent every month promptly. As of press time, this service is just being provided to choose Borrowell customers at a registration rate of $5 per month.

What Does Borrowell Offer?

Free Credit Report and also Rating:

Borrowell has assisted more than 2 million Canadians by providing them with the tools they need to much better recognize, master as well as handle their credit rating. Benefiting from this offer takes less than 3 mins, and doesn’t have any kind of adverse influence on your rating (called a soft debt query).

Credit History Builder

A more recent offering just readily available to pick Borrowell clients, this product is a credit structure cost savings financing that costs $10/monthly, possibly improves your credit report, as well as gives you back $240 in savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with many leading financial institutions such as BMO and Scotiabank to provide a variety of bank card alternatives for Canadian customers with all different kinds of credit history profiles. Their AI powered credit report instructor Molly help in this procedure.

Personal Finances

After acquiring your Equifax Credit history Report and Score, Borrowell displays a series of vetted instalment loan supplies from their financial institution companions, tailored to your credit rating. Although Borrowell does not provide car loans directly, they do give a convenient way to swiftly contrast loans from relied on companions.


Similar to their customized AI-powered bank card and financing recommendations, they likewise allow Canadians on the market for a mortgage a quick way to contrast rates, as well as have a better opportunity of obtaining the best bargain as well as rate possible.


Compare banking services in a convenient method with Borrowell’s financial institution contrast device that aids find and advise the best banking products for you

Insurance Coverage

Canadians can contrast insurance policy products online with Borrowell in addition to finding out about and also taking control of their debt.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage enables Canadians to develop credit history with their rent for only $5/month. As this product was just announced, even more details make certain to adhere to as it presents to all Canadians.

Finally, by offering such a variety of economic devices and also recommendations, Borrowell looks for to be the one quit shop that Canadians think of initially when it concerns any facet of the individual finances.

Borrowell Business Info

Borrowell Firm Description

Financial Institution in Toronto, Ontario

Borrowell Describes itself as follows: Borrowell is a proudly Canadian company with a single objective in mind: to assist individuals make terrific choices concerning debt. This is why we were the very first in Canada to use complimentary credit scores and also reports from our partner, Equifax, Canada’s largest credit bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Record.
Credit scores Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Team/ Trick Individuals

Andrew Graham – Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Profits.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Engineering.