Borrowell Review 2022: New Free Credit Score

New Free Credit Score

In the past couple of years, it has ended up being much simpler, much easier and cheaper for Canadians to swiftly as well as firmly get their complimentary credit history and also credit history record instantaneously online.

Before 2016, the best way for Canadians to get their credit score report and also credit history online was to get a complimentary trial of Equifax’s costs services, or to sign up for Transunion’s comparable offering.

Thankfully, late in 2016 a leading on the internet funding provider, Borrowell, partnered with Equifax to provide cost-free credit score records and also scores to all Canadian customers. This dramatically changed the market landscape over night.

Sign up with over 2 million various other Canadians and also quickly get your totally free credit history and also cost-free credit score record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the objective of making financial prosperity possible for all Canadians. They provide accessibility to online credit rating education, innovative credit report devices.

They were the initial firm in Canada to bring totally free credit reports and ratings from Equifax to the on-line masses.

They likewise originated the principle of an AI powered credit scores coach with their Molly credit rating coach offering. Molly makes tailored recommendations regarding how to improve credit history, as well as what debt products would certainly be ideal fit per consumer based on their particular credit scores record aspects.

In July of 2022 they released Borrowell Rent Advantage which is the very first product to enable Canadians to develop their credit history simply by paying their rent each month promptly. Since press time, this service is only being offered to select Borrowell clients at a subscription price of $5 each month.

What Does Borrowell Deal?

Free Credit Score Record and Score:

Borrowell has helped greater than 2 million Canadians by giving them with the devices they need to better recognize, master and also manage their credit scores. Making the most of this deal takes less than 3 mins, and doesn’t have any type of adverse impact on your score (known as a soft credit query).

Credit Rating Builder

A more recent offering just available to choose Borrowell clients, this item is a credit report structure cost savings lending that sets you back $10/monthly, possibly improves your credit history, and also gives you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with several leading financial institutions such as BMO and Scotiabank to provide a series of charge card options for Canadian customers with all different types of debt accounts. Their AI powered credit rating trainer Molly help in this process.

Personal Loans

After obtaining your Equifax Credit rating Report as well as Score, Borrowell displays a range of vetted instalment finance supplies from their financial institution partners, customized to your credit score. Although Borrowell does not provide lendings straight, they do give a practical means to swiftly compare fundings from relied on partners.


Similar to their customized AI-powered charge card and loan suggestions, they likewise permit Canadians out there for a home mortgage a quick way to compare rates, and have a better opportunity of getting the most effective bargain and rate possible.


Compare banking remedies in a convenient method with Borrowell’s bank comparison tool that helps locate as well as suggest the appropriate financial items for you

Insurance Coverage

Canadians can compare insurance products on-line with Borrowell along with finding out about as well as taking control of their credit.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to develop credit score with their rent for just $5/month. As this product was simply revealed, more details are sure to follow as it rolls out to all Canadians.

In conclusion, by supplying such a variety of financial devices and referrals, Borrowell looks for to be the one quit shop that Canadians think about initially when it comes to any aspect of the personal funds.

Borrowell Firm Info

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as follows: Borrowell is a proudly Canadian company with a solitary objective in mind: to aid people make great decisions regarding credit score. This is why we were the very first in Canada to provide complimentary credit rating and also reports from our companion, Equifax, Canada’s largest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit Score Record.
Credit rating Train.
Credit Builder.
Rent Advantage.

Borrowell Google Evaluation Summary

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

Borrowell Recent Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick Individuals

Andrew Graham – Co-Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Founder & COO.
Lisa Brown – VP, People & Society.
Jeff Yim – CFO, Finance.
Simon Wyse – VP, Earnings.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Engineering.