Borrowell Review 2022: Lucid Free Credit Report

Lucid Free Credit Report

In the past few years, it has became much less complex, easier and also cheaper for Canadians to swiftly and also firmly get their cost-free credit history and also credit scores record instantly online.

Before 2016, the very best method for Canadians to obtain their credit rating record as well as credit history online was to obtain a complimentary test of Equifax’s costs solutions, or to sign up for Transunion’s comparable offering.

The good news is, late in 2016 a leading on-line financing provider, Borrowell, partnered with Equifax to provide free credit rating reports as well as scores to all Canadian consumers. This significantly moved the industry landscape over night.

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

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making monetary prosperity feasible for all Canadians. They provide accessibility to online debt education, innovative credit score devices.

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

They likewise pioneered the idea of an AI powered credit score train with their Molly credit score coach offering. Molly makes individualized suggestions concerning how to enhance credit rating, and also what credit products would be ideal matched per client based on their particular credit score record variables.

In July of 2022 they released Borrowell Rent Advantage which is the first item to permit Canadians to construct their credit report simply by paying their rent monthly in a timely manner. As of press time, this service is only being supplied to select Borrowell consumers at a subscription price of $5 monthly.

What Does Borrowell Offer?

Free Credit Rating Report and also Score:

Borrowell has actually assisted greater than 2 million Canadians by giving them with the tools they require to much better comprehend, master and handle their credit score. Making the most of this offer takes less than 3 mins, and also doesn’t have any kind of unfavorable effect on your score (known as a soft credit scores query).

Debt Builder

A newer offering just offered to pick Borrowell customers, this product is a credit structure financial savings loan that costs $10/monthly, potentially enhances your credit rating, as well as gives you back $240 in 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 supply a variety of credit card alternatives for Canadian consumers with all various kinds of credit profiles. Their AI powered credit scores instructor Molly aids in this procedure.

Personal Car Loans

After acquiring your Equifax Credit report Report as well as Rating, Borrowell shows a variety of vetted instalment car loan offers from their banks partners, tailored to your credit score. Although Borrowell does not supply financings straight, they do offer a hassle-free way to promptly compare finances from trusted partners.

Home Loans

Similar to their personalized AI-powered charge card as well as lending recommendations, they likewise permit Canadians in the market for a mortgage a fast means to contrast prices, as well as have a far better chance of getting the very best deal and price feasible.


Contrast financial remedies in a practical means with Borrowell’s bank comparison device that helps find as well as suggest the ideal banking products for you


Canadians can contrast insurance coverage items on-line with Borrowell in addition to discovering as well as taking control of their credit scores.

Rent Advantage

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

In conclusion, by supplying such a variety of financial tools as well as suggestions, Borrowell seeks to be the one quit store that Canadians think about initially when it involves any kind of element of the individual funds.

Borrowell Firm Info

Borrowell Firm Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a proudly Canadian business with a solitary goal in mind: to help individuals make fantastic choices regarding credit report. This is why we were the initial in Canada to use cost-free credit rating as well as records from our partner, Equifax, Canada’s biggest credit bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Score Record.
Credit scores Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Management Team/ Trick People

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