Borrowell Review 2022: Scotiabank Free Credit Report

Scotiabank Free Credit Report

In the past few years, it has came to be much less complex, easier and also cheaper for Canadians to swiftly as well as safely obtain their totally free credit report as well as credit record instantly online.

Prior to 2016, the best means for Canadians to obtain their credit score report and credit history online was to get a totally free trial of Equifax’s costs solutions, or to register for Transunion’s similar offering.

Luckily, late in 2016 a leading on the internet car loan supplier, Borrowell, partnered with Equifax to offer cost-free debt records and also ratings to all Canadian customers. This substantially shifted the market landscape over night.

Join over 2 million other Canadians and instantly get your cost-free credit history and free credit score report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the goal of making economic prosperity possible for all Canadians. They provide access to online credit scores education, ingenious debt devices.

They were the very first firm in Canada to bring complimentary debt reports as well as scores from Equifax to the on-line masses.

They likewise spearheaded the idea of an AI powered credit report trainer with their Molly credit history trainer offering. Molly makes tailored referrals about how to boost credit score, and also what credit products would certainly be best suited to every customer based on their specific credit scores report factors.

In July of 2022 they released Borrowell Rent Advantage which is the very first item to enable Canadians to construct their credit report simply by paying their rent monthly in a timely manner. Since press time, this solution is just being supplied to pick Borrowell clients at a registration cost of $5 monthly.

What Does Borrowell Offer?

Free Debt Record as well as Score:

Borrowell has actually helped more than 2 million Canadians by providing them with the tools they require to much better understand, master and manage their credit scores. Taking advantage of this deal takes less than 3 minutes, and also does not have any type of negative effect on your rating (known as a soft debt query).

Debt Builder

A more recent offering just readily available to select Borrowell customers, this item is a credit score building savings lending that sets you back $10/monthly, potentially enhances your credit rating, and also gives you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with many leading banks such as BMO and Scotiabank to use a variety of credit card options for Canadian consumers with all various sorts of credit report profiles. Their AI powered credit train Molly help in this process.

Personal Financings

After getting your Equifax Debt Report as well as Rating, Borrowell presents a variety of vetted instalment lending offers from their financial institution companions, tailored to your credit report. Although Borrowell does not offer finances directly, they do offer a convenient way to promptly contrast lendings from relied on partners.

Home Loans

Comparable to their individualized AI-powered bank card and also funding recommendations, they also allow Canadians in the market for a home mortgage a quick method to compare prices, and have a better opportunity of getting the very best deal as well as price feasible.


Compare financial solutions in a convenient method with Borrowell’s financial institution comparison tool that aids locate as well as suggest the best financial items for you

Insurance Coverage

Canadians can contrast insurance products on-line with Borrowell along with discovering as well as taking control of their credit.

Rent Advantage

Revealed in July 2022, Borrowell Rent Advatage permits Canadians to build credit rating with their rent for just $5/month. As this product was just announced, even more information are sure to comply with as it turns out to all Canadians.

In conclusion, by offering such a variety of monetary devices as well as suggestions, Borrowell seeks to be the one quit shop that Canadians consider initially when it concerns any kind of aspect of the individual finances.

Borrowell Business Info

Borrowell Company Description

Banks in Toronto, Ontario

Borrowell Describes itself as follows: Borrowell is a happily Canadian company with a solitary objective in mind: to aid people make fantastic decisions about debt. This is why we were the first in Canada to use free credit scores 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 Rating Report.
Credit rating Coach.
Credit scores Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Management Team/ Secret People

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