Borrowell Review 2022: Free Credit Report Meaning

Free Credit Report Meaning

In the past few years, it has became much easier, simpler and cheaper for Canadians to quickly and securely get their free credit history as well as credit scores record instantaneously online.

Before 2016, the very best means for Canadians to obtain their credit score record and credit score online was to get a complimentary trial of Equifax’s premium services, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet car loan company, Borrowell, partnered with Equifax to provide totally free debt reports and also scores to all Canadian customers. This considerably shifted the industry landscape over night.

Sign up with over 2 million various other Canadians as well as instantaneously get your free credit history as well as free debt report now 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 access to on the internet credit rating education and learning, cutting-edge credit scores devices.

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

They likewise originated the concept of an AI powered credit report trainer with their Molly credit train offering. Molly makes personalized referrals about exactly how to improve credit rating, and what credit history products would be ideal matched per consumer based on their specific credit report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the initial product to allow Canadians to develop their credit scores just by paying their rent monthly in a timely manner. As of press time, this service is just being offered to select Borrowell customers at a membership rate of $5 monthly.

What Does Borrowell Deal?

Free Credit Scores Record and also Score:

Borrowell has actually assisted greater than 2 million Canadians by supplying them with the tools they need to better understand, master as well as handle their credit score. Benefiting from this offer takes less than 3 mins, and doesn’t have any kind of unfavorable effect on your rating (referred to as a soft debt query).

Credit Scores Builder

A more recent offering only offered to select Borrowell customers, this product is a credit scores building cost savings car loan that costs $10/monthly, possibly improves your credit rating, and also gives you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has actually partnered with numerous leading financial institutions such as BMO as well as Scotiabank to offer a range of credit card alternatives for Canadian customers with all various types of credit history accounts. Their AI powered credit score trainer Molly aids in this procedure.

Individual Loans

After getting your Equifax Credit score Record and also Score, Borrowell shows a range of vetted instalment lending supplies from their banks companions, tailored to your credit report. Although Borrowell does not offer financings directly, they do provide a convenient means to promptly compare loans from relied on companions.


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


Contrast financial solutions in a practical way with Borrowell’s financial institution contrast device that helps locate and suggest the appropriate banking items for you

Insurance Coverage

Canadians can compare insurance policy products on the internet with Borrowell in addition to learning more about as well as taking control of their debt.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage enables Canadians to build credit rating with their rent for just $5/month. As this item was just announced, even more details make certain to follow as it presents to all Canadians.

In conclusion, by providing such a large range of monetary tools and also suggestions, Borrowell looks for to be the one stop store that Canadians think of initially when it concerns any type of aspect of the personal funds.

Borrowell Business Information

Borrowell Company Description

Banks in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian firm with a single objective in mind: to aid individuals make great decisions regarding credit rating. This is why we were the first in Canada to offer free credit history as well as records from our companion, 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 Debt Report.
Credit Train.
Credit scores Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Secret People

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