Borrowell Review 2022: Is My Free Credit Score Legit

Is My Free Credit Score Legit

In the past few years, it has came to be much easier, much easier as well as cheaper for Canadians to promptly and firmly acquire their totally free credit history and also credit rating record instantaneously online.

Prior to 2016, the very best means for Canadians to obtain their credit rating report and also credit rating online was to get a totally free test of Equifax’s premium services, or to sign up for Transunion’s similar offering.

Fortunately, late in 2016 a leading on the internet loan supplier, Borrowell, partnered with Equifax to supply complimentary debt reports and scores to all Canadian customers. This dramatically moved the sector landscape over night.

Sign up with over 2 million various other Canadians and quickly obtain your cost-free credit history and also complimentary credit rating report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the objective of making monetary prosperity possible for all Canadians. They provide access to on the internet credit score education and learning, innovative credit score tools.

They were the very first company in Canada to bring cost-free credit history reports as well as ratings from Equifax to the online masses.

They also spearheaded the concept of an AI powered credit trainer with their Molly credit report train offering. Molly makes customized suggestions regarding just how to improve credit report, and what credit history items would be finest suited to each customer based on their certain credit scores record aspects.

In July of 2022 they launched Borrowell Rent Advantage which is the very first item to permit Canadians to construct their credit merely by paying their rent each month in a timely manner. Since press time, this service is just being supplied to select Borrowell clients at a registration rate of $5 per month.

What Does Borrowell Deal?

Free Credit Scores Record and Score:

Borrowell has assisted more than 2 million Canadians by providing them with the devices they require to much better recognize, master as well as manage their credit report. Benefiting from this offer takes less than 3 mins, and doesn’t have any negative impact on your score (known as a soft credit scores questions).

Credit History Builder

A more recent offering only offered to choose Borrowell consumers, this product is a debt structure savings lending that sets you back $10/monthly, potentially enhances your credit history, as well as gives you back $240 in financial savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with numerous leading financial institutions such as BMO and also Scotiabank to supply a variety of credit card choices for Canadian consumers with all different sorts of credit report accounts. Their AI powered credit instructor Molly aids in this process.

Personal Financings

After getting your Equifax Credit rating Report and also Rating, Borrowell presents a range of vetted instalment finance uses from their financial institution partners, tailored to your credit rating. Although Borrowell does not offer financings directly, they do provide a convenient way to quickly compare financings from relied on companions.

Home Loans

Similar to their customized AI-powered credit card and also funding suggestions, they also allow Canadians in the market for a home mortgage a fast means to compare rates, and have a better chance of getting the most effective deal and rate possible.


Compare financial services in a hassle-free way with Borrowell’s financial institution contrast tool that aids find and also recommend the best banking items for you

Insurance Coverage

Canadians can compare insurance products online with Borrowell along with finding out about as well as taking control of their credit scores.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage permits Canadians to build credit with their rent for only $5/month. As this item was simply announced, even more details make certain to follow as it turns out to all Canadians.

To conclude, by supplying such a variety of economic tools and recommendations, Borrowell seeks to be the one stop store that Canadians think of initially when it involves any kind of element of the personal funds.

Borrowell Company Details

Borrowell Company Description

Banks in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian firm with a single objective in mind: to aid people make terrific choices regarding credit score. This is why we were the first in Canada to provide complimentary credit history and also reports from our companion, Equifax, Canada’s largest credit history bureau.

Borrowell Address

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

Borrowell Products

Free Credit Rating.
Free Credit Score Record.
Credit score Train.
Debt Builder.
Rent Advantage.

Borrowell Google Evaluation Recap

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Trick Individuals

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