Borrowell Review 2022: Free Credit Report Safe

Free Credit Report Safe

In the past couple of years, it has became much easier, simpler as well as cheaper for Canadians to quickly as well as securely obtain their complimentary credit history as well as credit rating report instantly online.

Before 2016, the best way for Canadians to obtain their credit rating record and credit history online was to obtain a totally free test of Equifax’s premium solutions, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading on the internet loan company, Borrowell, partnered with Equifax to provide cost-free credit score records as well as ratings to all Canadian customers. This significantly shifted the industry landscape over night.

Join over 2 million various other Canadians as well as immediately get your complimentary credit rating and also complimentary debt report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making financial prosperity possible for all Canadians. They provide access to online credit rating education and learning, innovative debt devices.

They were the first firm in Canada to bring free credit records and also ratings from Equifax to the on the internet masses.

They additionally spearheaded the concept of an AI powered debt train with their Molly credit score train offering. Molly makes individualized suggestions concerning just how to improve credit score, and what credit report items would be best fit per consumer based upon their specific credit rating record factors.

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

What Does Borrowell Deal?

Free Credit History Record and also Rating:

Borrowell has actually assisted greater than 2 million Canadians by providing them with the tools they need to better understand, master and also manage their credit rating. Making use of this deal takes less than 3 mins, and also doesn’t have any type of negative impact on your score (called a soft credit questions).

Credit Scores Builder

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

Charge Card Comparisons

Borrowell has partnered with numerous leading financial institutions such as BMO as well as Scotiabank to offer a range of charge card options for Canadian customers with all different types of credit score profiles. Their AI powered credit score train Molly help in this procedure.

Personal Fundings

After acquiring your Equifax Credit report Record and Score, Borrowell displays a variety of vetted instalment financing uses from their financial institution partners, tailored to your credit rating. Although Borrowell does not supply fundings directly, they do offer a convenient means to quickly contrast lendings from relied on partners.


Similar to their personalized AI-powered credit card and funding suggestions, they likewise allow Canadians in the marketplace for a home mortgage a quick method to compare rates, and also have a much better possibility of getting the most effective deal as well as rate possible.


Compare banking options in a hassle-free method with Borrowell’s bank comparison tool that assists locate as well as suggest the appropriate banking products for you


Canadians can contrast insurance items on-line with Borrowell in addition to finding out about and taking control of their debt.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage allows Canadians to construct credit history with their rent for only $5/month. As this product was just revealed, more details make certain to follow as it presents to all Canadians.

In conclusion, by using such a variety of monetary devices as well as referrals, Borrowell looks for to be the one quit shop that Canadians think of first when it comes to any type of element of the individual finances.

Borrowell Company Information

Borrowell Firm Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian firm with a solitary goal in mind: to help individuals make terrific decisions regarding credit report. This is why we were the very first in Canada to supply cost-free credit report and also records from our partner, Equifax, Canada’s largest credit score bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Review Recap

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Group/ Secret People

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