Borrowell Review 2022: Free Credit Report Letter

Free Credit Report Letter

In the past few years, it has ended up being much less complex, simpler and less expensive for Canadians to promptly as well as securely get their totally free credit score and credit history report instantly online.

Before 2016, the most effective way for Canadians to obtain their debt report and credit rating online was to obtain a cost-free trial of Equifax’s premium services, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading online loan service provider, Borrowell, partnered with Equifax to use totally free credit report records as well as scores to all Canadian consumers. This dramatically shifted the sector landscape overnight.

Sign up with over 2 million other Canadians and also instantly obtain your complimentary credit rating and cost-free credit report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making economic success possible for all Canadians. They supply access to online credit scores education and learning, innovative credit score devices.

They were the initial firm in Canada to bring cost-free credit reports and also ratings from Equifax to the online masses.

They likewise originated the principle of an AI powered credit scores instructor with their Molly credit trainer offering. Molly makes tailored recommendations concerning how to improve credit report, and also what credit items would certainly be ideal matched to each customer based upon their specific credit rating report factors.

In July of 2022 they released Borrowell Rent Advantage which is the initial item to enable Canadians to develop their debt merely by paying their rent every month promptly. Since press time, this service is only being used to choose Borrowell clients at a membership cost of $5 per month.

What Does Borrowell Offer?

Free Debt Record and also Score:

Borrowell has actually assisted more than 2 million Canadians by supplying them with the devices they need to better recognize, master and also manage their debt. Making the most of this deal takes less than 3 minutes, as well as does not have any type of negative impact on your score (known as a soft credit history inquiry).

Credit History Builder

A more recent offering just offered to pick Borrowell clients, this product is a credit scores building savings financing that sets you back $10/monthly, possibly improves your credit report, and also provides you back $240 in financial savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with lots of leading banks such as BMO as well as Scotiabank to supply a range of credit card options for Canadian customers with all different sorts of credit rating profiles. Their AI powered debt coach Molly aids in this process.

Individual Fundings

After obtaining your Equifax Credit Record and also Rating, Borrowell presents a variety of vetted instalment finance uses from their financial institution companions, tailored to your credit report. Although Borrowell does not offer loans directly, they do offer a hassle-free way to quickly compare finances from trusted companions.


Similar to their customized AI-powered credit card and also car loan suggestions, they also permit Canadians in the market for a mortgage a quick means to compare prices, and also have a far better opportunity of getting the very best bargain as well as rate possible.


Compare banking solutions in a practical way with Borrowell’s bank contrast device that assists locate as well as recommend the ideal banking items for you

Insurance Policy

Canadians can contrast insurance items on the internet with Borrowell along with finding out about and also taking control of their credit report.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to build credit rating with their rent for just $5/month. As this product was just announced, even more details make certain to adhere to as it turns out to all Canadians.

To conclude, by providing such a large range of financial tools and also referrals, Borrowell looks for to be the one stop store that Canadians think about initially when it pertains to any facet of the individual funds.

Borrowell Company Information

Borrowell Company Description

Banks in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a happily Canadian company with a single objective in mind: to aid individuals make great decisions about credit rating. This is why we were the initial in Canada to supply totally free credit scores and also records from our partner, Equifax, Canada’s largest credit report bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Evaluation Summary

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Leadership Group/ Secret Individuals

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