Borrowell Review 2022: Free Credit Score Simulator Tool

Free Credit Score Simulator Tool

In the past few years, it has came to be much easier, much easier and cheaper for Canadians to rapidly as well as safely get their free credit score and credit history record quickly online.

Before 2016, the most effective means for Canadians to obtain their credit history record as well as credit rating online was to obtain a complimentary trial of Equifax’s costs services, or to sign up for Transunion’s similar offering.

Fortunately, late in 2016 a leading on-line funding carrier, Borrowell, partnered with Equifax to offer free credit scores reports and also ratings to all Canadian customers. This drastically moved the market landscape over night.

Join over 2 million other Canadians and also quickly obtain your free credit report and also cost-free credit score report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic prosperity possible for all Canadians. They supply accessibility to online credit score education, ingenious credit report devices.

They were the first firm in Canada to bring totally free debt records and scores from Equifax to the on the internet masses.

They likewise originated the idea of an AI powered credit history instructor with their Molly credit score trainer offering. Molly makes customized referrals about just how to enhance credit history, as well as what credit report items would be finest fit to every consumer based upon their details debt report variables.

In July of 2022 they released Borrowell Rent Advantage which is the first product to allow Canadians to construct their debt merely by paying their rent monthly promptly. Since press time, this solution is just being offered to choose Borrowell consumers at a subscription cost of $5 per month.

What Does Borrowell Offer?

Free Credit History Report and also Rating:

Borrowell has actually assisted greater than 2 million Canadians by giving them with the tools they need to much better comprehend, master as well as manage their credit. Making use of this offer takes less than 3 minutes, and also does not have any type of unfavorable effect on your rating (called a soft credit report query).

Credit Builder

A newer offering only readily available to choose Borrowell consumers, this product is a credit scores structure financial savings funding that sets you back $10/monthly, potentially boosts your credit score, and also gives you back $240 in financial savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with several leading financial institutions such as BMO and also Scotiabank to provide a variety of charge card alternatives for Canadian consumers with all different sorts of credit history profiles. Their AI powered credit report coach Molly help in this procedure.

Personal Fundings

After acquiring your Equifax Credit score Record and also Rating, Borrowell shows a range of vetted instalment car loan supplies from their financial institution partners, tailored to your credit history. Although Borrowell does not use lendings directly, they do supply a practical way to promptly contrast car loans from trusted companions.

Home Mortgages

Similar to their customized AI-powered credit card and loan referrals, they additionally enable Canadians in the marketplace for a mortgage a fast means to contrast prices, as well as have a much better opportunity of getting the best deal as well as rate possible.


Contrast banking remedies in a convenient method with Borrowell’s bank contrast device that assists locate as well as advise the ideal financial items for you

Insurance Coverage

Canadians can contrast insurance items on the internet with Borrowell in addition to discovering as well as taking control of their credit rating.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage enables Canadians to build debt with their rent for only $5/month. As this product was simply introduced, more information make sure to comply with as it turns out to all Canadians.

To conclude, by using such a vast array of financial tools and recommendations, Borrowell seeks to be the one stop shop that Canadians think of initially when it concerns any kind of element of the individual financial resources.

Borrowell Firm Info

Borrowell Company Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian business with a solitary goal in mind: to help people make excellent choices about credit report. This is why we were the initial in Canada to use totally free credit history and records from our companion, Equifax, Canada’s largest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Report Record.
Credit score Train.
Credit scores Builder.
Rent Advantage.

Borrowell Google Evaluation Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Secret Individuals

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