Borrowell Review 2022: Is Free Credit Report Legit

Is Free Credit Report Legit

In the past few years, it has became much less complex, much easier and cheaper for Canadians to promptly as well as safely obtain their free credit score as well as credit rating record instantly online.

Prior to 2016, the best means for Canadians to get their debt record and credit score online was to get a totally free trial of Equifax’s costs solutions, or to register for Transunion’s similar offering.

Luckily, late in 2016 a leading online loan provider, Borrowell, partnered with Equifax to offer totally free credit rating records and scores to all Canadian consumers. This substantially shifted the market landscape over night.

Join over 2 million other Canadians and also instantaneously obtain your cost-free credit score and complimentary debt record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making monetary success possible for all Canadians. They offer access to online credit score education, innovative credit history tools.

They were the first firm in Canada to bring free debt reports and ratings from Equifax to the on-line masses.

They also originated the idea of an AI powered credit report trainer with their Molly credit score coach offering. Molly makes tailored suggestions concerning how to boost credit report, and also what credit products would certainly be finest suited to every consumer based on their certain credit scores report factors.

In July of 2022 they released Borrowell Rent Advantage which is the very first product to allow Canadians to develop their debt simply by paying their rent monthly in a timely manner. As of press time, this service is only being used to pick Borrowell clients at a registration rate of $5 each month.

What Does Borrowell Offer?

Free Credit Scores Report as well as Rating:

Borrowell has actually assisted more than 2 million Canadians by supplying them with the devices they require to better comprehend, master and also manage their credit history. Benefiting from this offer takes less than 3 minutes, and does not have any adverse impact on your rating (referred to as a soft credit questions).

Credit Builder

A more recent offering only available to pick Borrowell customers, this item is a credit scores structure savings funding that sets you back $10/monthly, possibly improves your credit history, and gives you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with many leading financial institutions such as BMO as well as Scotiabank to provide a variety of charge card alternatives for Canadian consumers with all various types of credit rating accounts. Their AI powered credit instructor Molly aids in this procedure.

Personal Fundings

After obtaining your Equifax Credit scores Record as well as Rating, Borrowell presents a range of vetted instalment car loan supplies from their financial institution partners, customized to your credit rating. Although Borrowell does not provide loans straight, they do supply a convenient means to rapidly contrast car loans from relied on companions.


Similar to their customized AI-powered bank card as well as lending suggestions, they additionally permit Canadians out there for a home loan a fast method to contrast prices, and have a much better chance of getting the most effective deal as well as rate feasible.


Compare financial remedies in a convenient way with Borrowell’s bank contrast tool that assists find as well as suggest the best banking products for you


Canadians can compare insurance items online with Borrowell in addition to discovering and taking control of their credit score.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage enables Canadians to build credit with their rent for only $5/month. As this product was simply announced, even more information are sure to comply with as it rolls out to all Canadians.

Finally, by offering such a large range of economic tools as well as suggestions, Borrowell seeks to be the one quit shop that Canadians think about initially when it pertains to any aspect of the personal funds.

Borrowell Business Information

Borrowell Firm Description

Banks in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a proudly Canadian company with a solitary objective in mind: to help individuals make wonderful decisions regarding credit report. This is why we were the very first in Canada to provide complimentary credit history and records from our companion, Equifax, Canada’s biggest credit score bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Report Record.
Credit Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Management Group/ Key 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, Engineering.