Borrowell Review 2022: Who Uses Borrowell

Who Uses Borrowell

In the past couple of years, it has became much easier, easier and cheaper for Canadians to promptly and also securely acquire their free credit history as well as credit history record instantaneously online.

Prior to 2016, the best way for Canadians to get their credit report as well as credit history online was to obtain a complimentary test of Equifax’s costs services, or to register for Transunion’s similar offering.

Thankfully, late in 2016 a leading on the internet loan provider, Borrowell, partnered with Equifax to supply totally free credit scores reports as well as ratings to all Canadian customers. This considerably shifted the sector landscape over night.

Sign up with over 2 million various other Canadians and also instantaneously get your totally free credit history and totally free credit report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech company with the objective of making monetary success feasible for all Canadians. They provide access to online credit report education and learning, innovative credit scores devices.

They were the very first business in Canada to bring free credit score reports as well as scores from Equifax to the online masses.

They additionally originated the concept of an AI powered credit rating train with their Molly credit report trainer offering. Molly makes personalized recommendations about how to enhance credit score, and what credit products would be ideal matched per consumer based upon their specific credit report elements.

In July of 2022 they launched Borrowell Rent Advantage which is the initial item to enable Canadians to build their credit report merely by paying their rent every month in a timely manner. Since press time, this service is just being used to choose Borrowell consumers at a subscription rate of $5 each month.

What Does Borrowell Offer?

Free Credit Report and Rating:

Borrowell has helped greater than 2 million Canadians by offering them with the devices they need to much better recognize, master and also manage their credit history. Making the most of this deal takes less than 3 mins, and also does not have any kind of negative impact on your score (called a soft credit report questions).

Credit Score Builder

A newer offering just offered to select Borrowell customers, this item is a debt structure cost savings loan that sets you back $10/monthly, possibly enhances your credit report, and also offers you back $240 in financial savings at the end of the term.

Credit Card Comparisons

Borrowell has partnered with several leading banks such as BMO and Scotiabank to supply a variety of credit card choices for Canadian customers with all different sorts of debt profiles. Their AI powered credit score instructor Molly help in this process.

Personal Finances

After getting your Equifax Credit rating Report and Score, Borrowell displays a range of vetted instalment car loan supplies from their financial institution companions, tailored to your credit report. Although Borrowell does not provide lendings straight, they do provide a practical means to promptly compare lendings from trusted companions.


Comparable to their personalized AI-powered charge card and also financing recommendations, they additionally allow Canadians in the marketplace for a home mortgage a quick means to contrast rates, and have a far better possibility of getting the very best bargain and rate possible.


Contrast financial options in a convenient way with Borrowell’s bank contrast tool that aids locate and also suggest the right financial products for you

Insurance Policy

Canadians can compare insurance coverage items online with Borrowell along with learning about and also taking control of their credit history.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to build credit scores with their rent for only $5/month. As this product was just announced, even more information are sure to adhere to as it presents to all Canadians.

Finally, by supplying such a vast array of monetary devices and referrals, Borrowell looks for to be the one stop store that Canadians think of initially when it concerns any facet of the personal finances.

Borrowell Firm Information

Borrowell Business Description

Banks in Toronto, Ontario

Borrowell Defines itself as complies with: Borrowell is a proudly Canadian business with a single goal in mind: to assist people make great decisions concerning debt. This is why we were the very first in Canada to provide cost-free credit scores as well as reports from our companion, Equifax, Canada’s largest credit scores bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Report Record.
Credit history Coach.
Credit report Builder.
Rent Advantage.

Borrowell Google Review Summary

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Leadership Team/ Key Individuals

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