Borrowell Review 2022: Review Review

In the past couple of years, it has came to be much simpler, simpler and cheaper for Canadians to swiftly and also firmly get their free credit score and credit history record immediately online.

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

Fortunately, late in 2016 a leading on the internet car loan supplier, Borrowell, partnered with Equifax to use complimentary credit records and scores to all Canadian customers. This significantly changed the market landscape overnight.

Sign up with over 2 million other Canadians and quickly get your complimentary credit rating and free credit record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the objective of making economic prosperity possible for all Canadians. They supply access to on the internet credit scores education and learning, cutting-edge credit tools.

They were the first business in Canada to bring totally free credit reports as well as scores from Equifax to the online masses.

They also pioneered the principle of an AI powered credit score instructor with their Molly credit report coach offering. Molly makes tailored referrals regarding just how to boost credit report, as well as what credit scores items would be best matched to every consumer based on their particular debt report factors.

In July of 2022 they released Borrowell Rent Advantage which is the very first product to allow Canadians to build their credit history just by paying their rent every month on time. Since press time, this solution is just being offered to select Borrowell consumers at a membership rate of $5 each month.

What Does Borrowell Deal?

Free Credit Report Report and also Rating:

Borrowell has aided greater than 2 million Canadians by supplying them with the devices they require to much better comprehend, master as well as manage their credit rating. Making use of this offer takes less than 3 minutes, and does not have any unfavorable effect on your rating (referred to as a soft debt inquiry).

Credit Report Builder

A newer offering just offered to select Borrowell consumers, this item is a credit score building financial savings lending that sets you back $10/monthly, potentially enhances your credit score, and offers you back $240 in financial savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with lots of leading financial institutions such as BMO as well as Scotiabank to use a range of credit card alternatives for Canadian customers with all various sorts of credit score profiles. Their AI powered credit rating trainer Molly help in this procedure.

Personal Loans

After obtaining your Equifax Credit score Record and Score, Borrowell presents a series of vetted instalment funding provides from their financial institution partners, tailored to your credit score. Although Borrowell does not offer car loans straight, they do supply a convenient method to promptly contrast fundings from trusted companions.

Home Mortgages

Similar to their individualized AI-powered bank card as well as loan referrals, they likewise allow Canadians in the marketplace for a home mortgage a quick way to contrast rates, as well as have a much better chance of getting the best bargain and also price feasible.


Compare banking solutions in a hassle-free way with Borrowell’s bank comparison device that aids find and recommend the ideal financial items for you

Insurance Policy

Canadians can compare insurance products online with Borrowell along with discovering and taking control of their debt.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage enables Canadians to build debt with their rent for only $5/month. As this item was just revealed, even more information are sure to follow as it rolls out to all Canadians.

Finally, by offering such a variety of financial tools and also recommendations, Borrowell looks for to be the one stop shop that Canadians think about initially when it concerns any facet of the personal finances.

Borrowell Firm Details

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a happily Canadian business with a single objective in mind: to assist individuals make terrific decisions concerning credit scores. This is why we were the initial in Canada to supply cost-free credit report and also records from our companion, Equifax, Canada’s biggest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Scores Record.
Credit score Train.
Credit rating Builder.
Rent Advantage.

Borrowell Google Review Recap

Borrowell has 4.5 stars on Google Reviews compiled from over 700 testimonials.

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick People

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