Borrowell Credit Builder Review

Borrowell Credit Builder Review

In the past couple of years, it has became much easier, simpler and also less costly for Canadians to quickly as well as securely obtain their cost-free credit score and also debt report instantly online.

Prior to 2016, the most effective method for Canadians to get their credit report and credit report online was to obtain a totally free test of Equifax’s costs solutions, or to sign up for Transunion’s comparable offering.

Fortunately, late in 2016 a leading online financing supplier, Borrowell, partnered with Equifax to supply totally free credit score reports and scores to all Canadian customers. This drastically changed the market landscape over night.

Sign up with over 2 million other Canadians and promptly get your complimentary credit report as well as complimentary debt report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the objective of making financial prosperity possible for all Canadians. They offer access to on-line credit rating education, innovative credit history tools.

They were the initial firm in Canada to bring cost-free credit rating records and also scores from Equifax to the online masses.

They additionally pioneered the concept of an AI powered credit coach with their Molly credit report train offering. Molly makes customized recommendations concerning exactly how to enhance credit rating, and also what credit products would certainly be finest fit to each consumer based upon their particular credit history report variables.

In July of 2022 they released Borrowell Rent Advantage which is the initial item to enable Canadians to construct their credit rating just by paying their rent every month in a timely manner. Since press time, this service is only being offered to select Borrowell clients at a registration rate of $5 per month.

What Does Borrowell Offer?

Free Credit Score Record as well as Rating:

Borrowell has actually assisted greater than 2 million Canadians by giving them with the devices they need to better recognize, master as well as handle their credit rating. Benefiting from this offer takes less than 3 minutes, as well as does not have any adverse effect on your score (called a soft credit history query).

Credit Score Builder

A newer offering just readily available to select Borrowell clients, this item is a debt structure savings lending that sets you back $10/monthly, potentially boosts your credit score, and 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 and also Scotiabank to offer a series of credit card options for Canadian consumers with all various sorts of credit score accounts. Their AI powered credit coach Molly help in this process.

Individual Fundings

After obtaining your Equifax Credit history Record and Rating, Borrowell shows a range of vetted instalment financing supplies from their financial institution companions, tailored to your credit score. Although Borrowell does not offer financings directly, they do supply a hassle-free way to swiftly contrast loans from trusted partners.

Home Mortgages

Similar to their personalized AI-powered bank card as well as lending suggestions, they also enable Canadians in the market for a mortgage a quick method to compare prices, and have a much better chance of obtaining the best bargain and price feasible.


Compare banking solutions in a hassle-free way with Borrowell’s bank contrast device that helps discover as well as advise the right financial products for you

Insurance Policy

Canadians can compare insurance policy items on the internet with Borrowell along with learning more about as well as taking control of their debt.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage allows Canadians to build credit report with their rent for only $5/month. As this product was just introduced, even more information make sure to follow as it turns out to all Canadians.

To conclude, by supplying such a wide variety of monetary devices and also recommendations, Borrowell looks for to be the one stop shop that Canadians think about initially when it comes to any kind of element of the individual funds.

Borrowell Company Information

Borrowell Firm Description

Financial Institution in Toronto, Ontario

Borrowell Explains itself as adheres to: Borrowell is a proudly Canadian business with a solitary goal in mind: to help people make great choices concerning credit. This is why we were the very first in Canada to use free credit report and also reports from our companion, Equifax, Canada’s largest debt bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Debt Report.
Credit score Coach.
Debt Builder.
Rent Advantage.

Borrowell Google Testimonial Recap

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Management Team/ Secret People

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