Borrowell Review 2022: Government Free Credit Score

Government Free Credit Score

In the past few years, it has became much simpler, much easier as well as cheaper for Canadians to quickly and safely get their cost-free credit rating and also credit score record promptly online.

Before 2016, the very best means for Canadians to get their credit scores report as well as credit report online was to get a totally free trial of Equifax’s costs solutions, or to register for Transunion’s similar offering.

Fortunately, late in 2016 a leading on the internet lending company, Borrowell, partnered with Equifax to use totally free credit scores reports and scores to all Canadian consumers. This considerably shifted the market landscape over night.

Sign up with over 2 million various other Canadians as well as instantly obtain your cost-free credit rating and totally free debt 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 financial prosperity feasible for all Canadians. They provide access to online debt education and learning, ingenious credit score devices.

They were the first firm in Canada to bring free credit score reports as well as ratings from Equifax to the online masses.

They additionally originated the principle of an AI powered debt coach with their Molly credit score instructor offering. Molly makes personalized suggestions regarding exactly how to boost credit rating, and what credit items would certainly be ideal fit to each consumer based upon their details credit history report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the very first product to permit Canadians to develop their credit scores merely by paying their rent every month on schedule. As of press time, this solution is just being offered to select Borrowell clients at a membership rate of $5 per month.

What Does Borrowell Offer?

Free Credit Score Record as well as Rating:

Borrowell has helped more than 2 million Canadians by providing them with the devices they require to much better comprehend, master and also handle their debt. Taking advantage of this deal takes less than 3 mins, and also doesn’t have any type of negative effect on your score (called a soft credit questions).

Credit Rating Builder

A newer offering only offered to choose Borrowell consumers, this item is a credit history structure savings financing that sets you back $10/monthly, potentially enhances your credit rating, and 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 and also Scotiabank to supply a series of credit card choices for Canadian customers with all various sorts of debt profiles. Their AI powered credit score coach Molly aids in this procedure.

Personal Loans

After obtaining your Equifax Credit rating Report and also Rating, Borrowell shows a variety of vetted instalment finance uses from their financial institution partners, customized to your credit score. Although Borrowell does not use lendings straight, they do provide a convenient method to swiftly contrast car loans from trusted partners.


Comparable to their personalized AI-powered bank card as well as car loan referrals, they also permit Canadians out there for a home mortgage a quick way to compare prices, as well as have a better chance of obtaining the very best deal and also rate possible.


Contrast banking services in a practical method with Borrowell’s bank comparison tool that assists discover as well as advise the right financial items for you

Insurance Coverage

Canadians can contrast insurance coverage items on the internet with Borrowell along with discovering and also taking control of their credit score.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage permits Canadians to build credit score with their rent for just $5/month. As this product was simply revealed, more details are sure to follow as it rolls out to all Canadians.

Finally, by using such a vast array of monetary tools and referrals, Borrowell looks for to be the one quit store that Canadians think about first when it concerns any kind of facet of the individual funds.

Borrowell Company Info

Borrowell Business Description

Banks in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a happily Canadian company with a solitary objective in mind: to aid individuals make wonderful decisions regarding credit rating. This is why we were the initial in Canada to supply free credit scores and records from our partner, Equifax, Canada’s largest debt bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Record.
Credit rating Coach.
Credit report Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Management Team/ Trick People

Andrew Graham – Founder & CEO.
Eva Wong – Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Income.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Design.