Borrowell Review 2022: Old Mutual Free Credit Report

Old Mutual Free Credit Report

In the past few years, it has came to be much less complex, less complicated and more affordable for Canadians to quickly and also securely acquire their totally free credit rating and debt record promptly online.

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

Fortunately, late in 2016 a leading on the internet loan provider, Borrowell, partnered with Equifax to offer cost-free credit score reports and ratings to all Canadian consumers. This considerably changed the sector landscape overnight.

Join over 2 million various other Canadians and also quickly obtain your free credit report and complimentary credit record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making financial prosperity possible for all Canadians. They supply accessibility to on the internet credit report education, innovative credit report devices.

They were the very first business in Canada to bring complimentary credit records as well as scores from Equifax to the on-line masses.

They additionally pioneered the principle of an AI powered credit score trainer with their Molly credit train offering. Molly makes tailored recommendations about just how to enhance credit score, and what debt items would be ideal matched to each customer based on their particular credit rating report aspects.

In July of 2022 they released Borrowell Rent Advantage which is the initial product to permit Canadians to construct their credit scores simply by paying their rent monthly on schedule. Since press time, this service is just being provided to pick Borrowell customers at a membership price of $5 monthly.

What Does Borrowell Offer?

Free Credit Scores Record and Score:

Borrowell has aided more than 2 million Canadians by giving them with the devices they need to better recognize, master and manage their credit report. Benefiting from this offer takes less than 3 mins, and also does not have any type of unfavorable impact on your score (referred to as a soft credit scores inquiry).

Credit History Builder

A more recent offering only readily available to choose Borrowell consumers, this product is a credit rating building cost savings funding that costs $10/monthly, potentially boosts your credit score, and offers you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with numerous leading banks such as BMO and Scotiabank to use a series of charge card options for Canadian customers with all different kinds of credit scores accounts. Their AI powered credit report train Molly aids in this process.

Individual Loans

After obtaining your Equifax Debt Record as well as Rating, Borrowell shows a series of vetted instalment financing provides from their financial institution companions, tailored to your credit history. Although Borrowell does not offer car loans straight, they do provide a practical means to promptly compare finances from relied on companions.


Similar to their personalized AI-powered bank card as well as finance recommendations, they also permit Canadians in the market for a mortgage a fast method to compare prices, and have a better chance of getting the most effective offer as well as price feasible.


Compare financial remedies in a convenient method with Borrowell’s financial institution comparison device that aids locate and also suggest the appropriate financial products for you


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

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage enables Canadians to build credit history with their rent for just $5/month. As this product was just introduced, even more details make certain to follow as it turns out to all Canadians.

Finally, by offering such a wide range of economic tools and also referrals, Borrowell looks for to be the one quit store that Canadians think about initially when it concerns any type of facet of the individual funds.

Borrowell Business Information

Borrowell Firm Summary

Financial Institution in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a happily Canadian business with a single goal in mind: to help individuals make wonderful decisions about credit history. This is why we were the first in Canada to offer free credit history as well as reports from our partner, Equifax, Canada’s biggest credit rating bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Report Report.
Credit scores Train.
Credit report Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Key Individuals

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