Borrowell Review 2022: Lucid Living Free Credit Report

Lucid Living Free Credit Report

In the past few years, it has became much easier, simpler and less costly for Canadians to swiftly and also safely obtain their totally free credit history and also credit history report quickly online.

Before 2016, the very best means for Canadians to obtain their credit history record and credit report online was to obtain a totally free trial of Equifax’s premium services, or to sign up for Transunion’s similar offering.

Fortunately, late in 2016 a leading online loan company, Borrowell, partnered with Equifax to offer totally free debt records as well as ratings to all Canadian customers. This significantly changed the market landscape overnight.

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

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making financial success possible for all Canadians. They provide accessibility to on-line credit rating education, ingenious credit history devices.

They were the initial company in Canada to bring totally free credit history reports and also scores from Equifax to the on-line masses.

They additionally spearheaded the principle of an AI powered debt train with their Molly credit instructor offering. Molly makes personalized referrals about exactly how to enhance credit rating, and what debt products would be finest fit per consumer based on their details credit report elements.

In July of 2022 they launched Borrowell Rent Advantage which is the first product to enable Canadians to develop their credit scores merely by paying their rent every month promptly. Since press time, this service is just being offered to choose Borrowell clients at a membership cost of $5 per month.

What Does Borrowell Offer?

Free Credit Scores Report and also Score:

Borrowell has actually helped more than 2 million Canadians by offering them with the devices they require to much better recognize, master as well as manage their credit scores. Making the most of this deal takes less than 3 minutes, and does not have any adverse influence on your rating (called a soft credit report questions).

Credit History Builder

A more recent offering only readily available to choose Borrowell clients, this product is a credit score structure savings finance that sets you back $10/monthly, possibly enhances your credit history, and also offers you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with several leading financial institutions such as BMO and also Scotiabank to supply a variety of charge card choices for Canadian customers with all different types of credit scores profiles. Their AI powered credit train Molly help in this procedure.

Individual Finances

After getting your Equifax Credit rating Record and Rating, Borrowell shows a range of vetted instalment car loan supplies from their financial institution companions, tailored to your credit report. Although Borrowell does not supply finances directly, they do give a convenient way to promptly contrast car loans from trusted partners.

Home Mortgages

Similar to their customized AI-powered bank card and also funding recommendations, they additionally permit Canadians out there for a mortgage a fast means to contrast rates, as well as have a better chance of getting the very best deal and also rate possible.


Compare financial options in a practical way with Borrowell’s financial institution comparison tool that assists find as well as suggest the ideal banking items for you

Insurance Policy

Canadians can compare insurance coverage products on the internet with Borrowell in addition to finding out about and also taking control of their credit report.

Rent Advantage

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

Finally, by providing such a wide variety of monetary devices as well as referrals, Borrowell looks for to be the one stop shop that Canadians think about initially when it involves any type of element of the individual funds.

Borrowell Company Info

Borrowell Firm Summary

Financial Institution in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a proudly Canadian business with a solitary goal in mind: to help people make excellent choices concerning debt. This is why we were the initial in Canada to offer totally free credit history and also records from our partner, Equifax, Canada’s largest credit score bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit History Report.
Credit history Coach.
Credit score Builder.
Rent Advantage.

Borrowell Google Review Recap

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

Borrowell Current Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Key People

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