Borrowell Review 2022: Rbc Free Credit Report

Rbc Free Credit Report

In the past couple of years, it has ended up being much simpler, less complicated and also cheaper for Canadians to swiftly as well as safely obtain their totally free credit report and also credit rating report instantaneously online.

Prior to 2016, the best method for Canadians to obtain their credit record as well as credit history online was to obtain a totally free test of Equifax’s premium services, or to sign up for Transunion’s comparable offering.

Luckily, late in 2016 a leading online loan supplier, Borrowell, partnered with Equifax to use cost-free credit score records and scores to all Canadian consumers. This drastically changed the industry landscape over night.

Join over 2 million other Canadians as well as instantaneously get your totally free credit rating and cost-free credit record currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making financial success possible for all Canadians. They offer accessibility to on-line credit scores education, innovative credit devices.

They were the very first firm in Canada to bring free credit records and also ratings from Equifax to the on-line masses.

They additionally originated the principle of an AI powered credit train with their Molly credit train offering. Molly makes personalized suggestions about exactly how to improve credit report, and what credit rating items would be finest fit per customer based on their specific credit score report aspects.

In July of 2022 they launched Borrowell Rent Advantage which is the initial item to allow Canadians to construct their credit rating just by paying their rent every month in a timely manner. As of press time, this solution is only being provided to choose Borrowell customers at a subscription price of $5 each month.

What Does Borrowell Deal?

Free Credit Report Record and also Rating:

Borrowell has aided more than 2 million Canadians by giving them with the tools they need to better comprehend, master and also manage their credit history. Taking advantage of this offer takes less than 3 mins, as well as doesn’t have any kind of negative effect on your rating (known as a soft credit inquiry).

Credit Scores Builder

A newer offering only readily available to choose Borrowell clients, this product is a credit building financial savings car loan that sets you back $10/monthly, possibly improves your credit report, and also provides 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 as well as Scotiabank to use a variety of charge card choices for Canadian customers with all different types of credit history profiles. Their AI powered credit scores trainer Molly help in this procedure.

Individual Finances

After obtaining your Equifax Credit rating Record as well as Score, Borrowell presents a series of vetted instalment car loan provides from their banks companions, customized to your credit report. Although Borrowell does not supply lendings straight, they do offer a practical means to promptly contrast financings from relied on companions.

Home Loans

Comparable to their customized AI-powered bank card and loan suggestions, they additionally allow Canadians in the marketplace for a mortgage a quick means to contrast rates, as well as have a much better chance of getting the most effective offer and price feasible.


Compare financial solutions in a practical method with Borrowell’s bank comparison device that helps find and also advise the right banking products for you


Canadians can compare insurance coverage products on the internet with Borrowell along with discovering as well as taking control of their credit score.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage enables Canadians to construct credit score with their rent for only $5/month. As this item was just introduced, even more information make certain to follow as it turns out to all Canadians.

Finally, by supplying such a large range of financial devices as well as referrals, Borrowell seeks to be the one quit store that Canadians think about initially when it concerns any element of the personal funds.

Borrowell Company Info

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a proudly Canadian company with a solitary goal in mind: to assist people make terrific decisions concerning credit history. This is why we were the very first in Canada to supply free credit report and also reports from our partner, Equifax, Canada’s biggest debt bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Debt Record.
Credit report Coach.
Debt Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

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

Borrowell Current Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Team/ Key Individuals

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