Borrowell Review 2022: Is Borrowell Legit

Is Borrowell Legit

In the past few years, it has came to be much simpler, much easier and also cheaper for Canadians to rapidly as well as firmly acquire their cost-free credit rating as well as credit rating report instantaneously online.

Prior to 2016, the very best method for Canadians to get their credit rating report and also credit history online was to get a complimentary trial of Equifax’s premium solutions, or to sign up for Transunion’s similar offering.

Fortunately, late in 2016 a leading online lending service provider, Borrowell, partnered with Equifax to use cost-free credit score records as well as scores to all Canadian customers. This significantly changed the industry landscape over night.

Join over 2 million other Canadians as well as instantly obtain your complimentary credit score as well as complimentary debt report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making economic prosperity feasible for all Canadians. They offer accessibility to online credit rating education and learning, ingenious credit score devices.

They were the first business in Canada to bring totally free credit score records and ratings from Equifax to the online masses.

They likewise spearheaded the principle of an AI powered credit coach with their Molly credit scores coach offering. Molly makes personalized suggestions concerning exactly how to enhance credit rating, as well as what credit rating products would certainly be ideal suited to each customer based upon their specific credit score report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the first item to permit Canadians to develop their credit scores just by paying their rent monthly on time. Since press time, this service is only being offered to choose Borrowell consumers at a membership rate of $5 monthly.

What Does Borrowell Deal?

Free Debt Report and Score:

Borrowell has actually aided more than 2 million Canadians by providing them with the tools they need to much better recognize, master as well as handle their credit score. Benefiting from this offer takes less than 3 minutes, and doesn’t have any negative effect on your score (referred to as a soft credit scores inquiry).

Debt Builder

A more recent offering just offered to choose Borrowell clients, this item is a credit structure savings car loan that costs $10/monthly, potentially improves your credit rating, and also offers you back $240 in cost savings at the end of the term.

Bank Card Comparisons

Borrowell has actually partnered with numerous leading financial institutions such as BMO as well as Scotiabank to offer a series of charge card alternatives for Canadian customers with all different types of credit accounts. Their AI powered credit history trainer Molly aids in this process.

Individual Loans

After getting your Equifax Credit scores Record as well as Score, Borrowell shows a series of vetted instalment loan uses from their banks partners, tailored to your credit history. Although Borrowell does not provide financings straight, they do offer a hassle-free way to promptly contrast lendings from relied on companions.

Home Mortgages

Similar to their customized AI-powered bank card and financing referrals, they likewise allow Canadians out there for a mortgage a fast way to contrast rates, and also have a better opportunity of getting the very best bargain and also price possible.


Contrast banking options in a hassle-free means with Borrowell’s financial institution contrast tool that helps find as well as advise the right financial items for you


Canadians can contrast insurance policy items online with Borrowell along with learning more about as well as taking control of their debt.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage permits Canadians to develop credit with their rent for just $5/month. As this product was just announced, more information make certain to comply with as it rolls out to all Canadians.

In conclusion, by providing such a wide variety of financial devices as well as recommendations, Borrowell seeks to be the one quit store that Canadians consider first when it comes to any facet of the individual finances.

Borrowell Business Information

Borrowell Business Summary

Banks in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a happily Canadian company with a single goal in mind: to help individuals make excellent decisions about credit rating. This is why we were the first in Canada to offer 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 Score Record.
Debt Coach.
Credit score Builder.
Rent Advantage.

Borrowell Google Review Recap

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Group/ Key Individuals

Andrew Graham – Co-Founder & CEO.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, People & Society.
Jeff Yim – CFO, Financing.
Simon Wyse – VP, Income.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Engineering.