Borrowell Review 2022: Truly Free Credit Report

Truly Free Credit Report

In the past few years, it has ended up being much simpler, easier as well as less costly for Canadians to quickly and firmly acquire their free credit report as well as debt report instantaneously online.

Prior to 2016, the best way for Canadians to obtain their credit rating report and credit rating online was to get a free trial of Equifax’s premium solutions, or to register for Transunion’s comparable offering.

Thankfully, late in 2016 a leading on the internet financing supplier, Borrowell, partnered with Equifax to use complimentary credit history records and also scores to all Canadian consumers. This significantly shifted the market landscape over night.

Sign up with over 2 million other Canadians and also instantly get your complimentary credit rating and complimentary credit scores record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making economic prosperity feasible for all Canadians. They offer access to online credit score education and learning, cutting-edge credit score devices.

They were the very first company in Canada to bring complimentary credit history reports and also ratings from Equifax to the on the internet masses.

They additionally spearheaded the concept of an AI powered credit history trainer with their Molly credit rating train offering. Molly makes customized recommendations concerning just how to boost credit report, as well as what credit products would be best matched per consumer based upon their particular debt report variables.

In July of 2022 they released Borrowell Rent Advantage which is the first item to permit Canadians to build their debt just by paying their rent each month promptly. Since press time, this solution is just being provided to choose Borrowell customers at a membership price of $5 per month.

What Does Borrowell Deal?

Free Credit Scores Record as well as Rating:

Borrowell has aided more than 2 million Canadians by supplying them with the devices they require to much better recognize, master and manage their credit report. Making the most of this deal takes less than 3 minutes, and also does not have any type of adverse effect on your rating (known as a soft credit history query).

Credit Scores Builder

A more recent offering just available to pick Borrowell customers, this item is a credit history structure savings financing that costs $10/monthly, possibly boosts your credit report, as well as gives you back $240 in cost savings at the end of the term.

Credit Card Comparisons

Borrowell has actually partnered with lots of leading banks such as BMO and Scotiabank to supply a range of bank card alternatives for Canadian consumers with all various sorts of debt accounts. Their AI powered credit scores train Molly aids in this procedure.

Individual Finances

After getting your Equifax Debt Report as well as Score, Borrowell presents a range of vetted instalment finance offers from their financial institution partners, customized to your credit rating. Although Borrowell does not offer lendings straight, they do offer a convenient way to rapidly compare fundings from relied on companions.


Similar to their personalized AI-powered bank card and car loan suggestions, they additionally allow Canadians in the market for a home mortgage a fast way to contrast prices, as well as have a far better possibility of getting the best bargain as well as rate possible.


Contrast banking services in a practical method with Borrowell’s bank contrast tool that helps find and also recommend the ideal financial products for you


Canadians can compare insurance policy items on-line with Borrowell in addition to learning about as well as taking control of their credit report.

Rent Advantage

Declared in July 2022, Borrowell Rent Advatage permits Canadians to build credit rating with their rent for only $5/month. As this product was just introduced, more information are sure to adhere to as it presents to all Canadians.

To conclude, by offering such a large range of monetary devices and referrals, Borrowell seeks to be the one stop shop that Canadians think of first when it comes to any kind of facet of the individual financial resources.

Borrowell Firm Details

Borrowell Business Description

Financial Institution in Toronto, Ontario

Borrowell Defines itself as complies with: Borrowell is a happily Canadian firm with a solitary objective in mind: to assist individuals make great decisions regarding credit. This is why we were the initial in Canada to offer totally free credit history as well as records from our partner, Equifax, Canada’s biggest credit bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Debt Record.
Credit scores Train.
Credit rating Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

Borrowell has 4.5 stars on Google Reviews assembled from over 700 evaluations.

Borrowell Current Procurements

2021 – Refresh Financial.

Borrowell Leadership Group/ Trick Individuals

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