Borrowell Review 2022: Is Borrowell Good

Is Borrowell Good

In the past few years, it has became much less complex, much easier and cheaper for Canadians to promptly and also safely acquire their free credit report and also credit score report instantaneously online.

Before 2016, the best means for Canadians to obtain their debt report as well as credit report online was to get a free trial of Equifax’s premium services, or to subscribe to Transunion’s similar offering.

Thankfully, late in 2016 a leading on-line funding carrier, Borrowell, partnered with Equifax to use complimentary credit records as well as ratings to all Canadian consumers. This drastically moved the sector landscape overnight.

Sign up with over 2 million various other Canadians and quickly get your complimentary credit score as well as free credit history record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making monetary prosperity feasible for all Canadians. They supply accessibility to on-line credit education, cutting-edge credit rating tools.

They were the initial company in Canada to bring complimentary credit scores records as well as scores from Equifax to the on the internet masses.

They also pioneered the idea of an AI powered credit rating instructor with their Molly credit train offering. Molly makes personalized suggestions about exactly how to boost credit rating, as well as what credit scores products would certainly be finest fit per client based upon their certain credit record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the first item to allow Canadians to construct their credit rating just by paying their rent each month in a timely manner. As of press time, this service is just being supplied to select Borrowell clients at a subscription cost of $5 per month.

What Does Borrowell Offer?

Free Credit Report and also Score:

Borrowell has helped greater than 2 million Canadians by giving them with the tools they require to better comprehend, master and also manage their credit scores. Making the most of this deal takes less than 3 minutes, as well as does not have any negative impact on your rating (known as a soft debt query).

Credit History Builder

A newer offering just offered to choose Borrowell customers, this item is a credit report structure cost savings loan that costs $10/monthly, potentially boosts your credit history, and gives you back $240 in savings at the end of the term.

Bank Card Comparisons

Borrowell has partnered with several leading financial institutions such as BMO and Scotiabank to provide a range of bank card choices for Canadian consumers with all different sorts of credit scores profiles. Their AI powered credit scores trainer Molly aids in this procedure.

Individual Lendings

After obtaining your Equifax Credit scores Record and Score, Borrowell shows a variety of vetted instalment funding offers from their banks partners, customized to your credit report. Although Borrowell does not use finances straight, they do give a practical method to quickly contrast lendings from trusted companions.


Comparable to their individualized AI-powered charge card and also car loan recommendations, they likewise allow Canadians on the market for a home mortgage a quick way to contrast prices, as well as have a much better opportunity of obtaining the best deal and also price feasible.


Contrast banking options in a practical way with Borrowell’s bank contrast device that helps find as well as recommend the ideal financial items for you


Canadians can contrast insurance policy items online with Borrowell along with learning about and taking control of their credit report.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage enables Canadians to construct credit history with their rent for only $5/month. As this product was just announced, even more details make sure to adhere to as it presents to all Canadians.

In conclusion, by offering such a wide variety of financial tools and also recommendations, Borrowell looks for to be the one stop store that Canadians think about initially when it pertains to any aspect of the personal finances.

Borrowell Firm Details

Borrowell Firm Description

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian company with a solitary objective in mind: to help individuals make fantastic choices regarding credit scores. This is why we were the first in Canada to supply totally free credit report as well as records from our partner, Equifax, Canada’s largest credit 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 score Builder.
Rent Advantage.

Borrowell Google Review Recap

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Team/ Secret People

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