Borrowell Review 2022: The Best Free Credit Score App

The Best Free Credit Score App

In the past couple of years, it has came to be much simpler, much easier and also less costly for Canadians to rapidly and also firmly obtain their cost-free credit history and credit history report immediately online.

Before 2016, the most effective means for Canadians to get their credit history record and also credit history online was to get a cost-free test of Equifax’s premium solutions, or to register for Transunion’s comparable offering.

The good news is, late in 2016 a leading on-line lending supplier, Borrowell, partnered with Equifax to supply cost-free credit history reports as well as ratings to all Canadian customers. This drastically shifted the market landscape over night.

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

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making monetary prosperity feasible for all Canadians. They supply access to online credit report education, cutting-edge credit report devices.

They were the initial business in Canada to bring free credit score records and also scores from Equifax to the online masses.

They likewise pioneered the principle of an AI powered credit history train with their Molly credit report train offering. Molly makes individualized recommendations regarding how to improve credit history, as well as what credit products would certainly be ideal fit to every customer based on their specific credit scores report variables.

In July of 2022 they released Borrowell Rent Advantage which is the first item to enable Canadians to build their credit score simply by paying their rent monthly on time. Since press time, this service is just being offered to pick Borrowell consumers at a membership price of $5 monthly.

What Does Borrowell Offer?

Free Credit Record and Score:

Borrowell has actually aided greater than 2 million Canadians by providing them with the devices they require to much better recognize, master as well as manage their credit scores. Making the most of this offer takes less than 3 minutes, and doesn’t have any type of adverse influence on your rating (known as a soft credit inquiry).

Credit Rating Builder

A more recent offering only offered to select Borrowell customers, this product is a credit scores building cost savings lending that costs $10/monthly, potentially enhances your credit score, and gives you back $240 in savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with many leading financial institutions such as BMO and Scotiabank to provide a series of charge card options for Canadian customers with all various kinds of credit rating accounts. Their AI powered debt instructor Molly aids in this process.

Personal Lendings

After getting your Equifax Credit history Report and Rating, Borrowell presents a series of vetted instalment financing offers from their financial institution partners, tailored to your credit rating. Although Borrowell does not offer loans straight, they do supply a hassle-free method to quickly compare finances from relied on companions.

Home Loans

Comparable to their customized AI-powered credit card as well as financing referrals, they additionally enable Canadians out there for a home loan a fast method to contrast prices, and have a much better possibility of obtaining the most effective offer and also price feasible.


Contrast financial remedies in a practical means with Borrowell’s financial institution comparison tool that helps find and advise the ideal financial items for you


Canadians can contrast insurance policy items on-line with Borrowell along with learning about and also taking control of their credit score.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage allows Canadians to develop credit rating with their rent for only $5/month. As this item was just revealed, more details are sure to adhere to as it turns out to all Canadians.

Finally, by providing such a variety of economic tools and also referrals, Borrowell looks for to be the one stop store that Canadians think about initially when it pertains to any kind of aspect of the individual funds.

Borrowell Business Information

Borrowell Company Summary

Financial Institution in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a happily Canadian firm with a solitary objective in mind: to help people make terrific choices about debt. This is why we were the initial in Canada to provide cost-free credit rating and records from our partner, Equifax, Canada’s largest credit report bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit Scores Record.
Credit score Coach.
Debt Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Purchases

2021 – Refresh Financial.

Borrowell Leadership Team/ Secret Individuals

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