Free Credit Report Act

Free Credit Report Act

In the past few years, it has came to be much less complex, much easier and less costly for Canadians to quickly and securely get their free credit rating and credit score record instantly online.

Prior to 2016, the best method for Canadians to get their credit record as well as credit history online was to get a cost-free test of Equifax’s costs solutions, or to sign up for Transunion’s similar offering.

Thankfully, late in 2016 a leading on the internet financing provider, Borrowell, partnered with Equifax to offer complimentary credit report records and scores to all Canadian customers. This drastically shifted the sector landscape over night.

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

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making monetary success feasible for all Canadians. They supply accessibility to on the internet credit history education and learning, cutting-edge credit rating devices.

They were the initial company in Canada to bring cost-free credit history reports and also scores from Equifax to the on the internet masses.

They additionally pioneered the concept of an AI powered credit score coach with their Molly credit score coach offering. Molly makes tailored referrals regarding exactly how to boost credit report, as well as what credit scores products would be finest suited to each customer based on their particular credit record aspects.

In July of 2022 they launched Borrowell Rent Advantage which is the initial product to permit Canadians to build their credit merely by paying their rent each month in a timely manner. Since press time, this solution is just being provided to choose Borrowell customers at a registration rate of $5 monthly.

What Does Borrowell Deal?

Free Credit Record as well as Score:

Borrowell has actually assisted more than 2 million Canadians by giving them with the tools they need to much better understand, master as well as handle their credit report. Making the most of this deal takes less than 3 mins, and doesn’t have any unfavorable impact on your score (referred to as a soft debt inquiry).

Debt Builder

A newer offering just readily available to pick Borrowell customers, this item is a credit history structure cost savings car loan that costs $10/monthly, potentially boosts your credit score, as well as offers you back $240 in savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with many leading banks such as BMO and also Scotiabank to use a range of credit card choices for Canadian customers with all various types of credit score accounts. Their AI powered credit report trainer Molly aids in this process.

Individual Fundings

After getting your Equifax Credit history Report and Rating, Borrowell displays a range of vetted instalment financing supplies from their banks partners, tailored to your credit score. Although Borrowell does not supply car loans directly, they do give a practical means to rapidly compare finances from relied on partners.

Home Loans

Comparable to their individualized AI-powered credit card and finance referrals, they also allow Canadians on the market for a home mortgage a quick way to contrast prices, and also have a far better opportunity of obtaining the best deal as well as price feasible.


Compare financial solutions in a practical method with Borrowell’s bank comparison tool that helps find and also advise the ideal banking items for you

Insurance Coverage

Canadians can compare insurance products on-line with Borrowell along with discovering and also taking control of their credit history.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage permits Canadians to construct credit history with their rent for just $5/month. As this item was simply introduced, even more information are sure to adhere to as it turns out to all Canadians.

To conclude, by offering such a wide variety of financial tools and also recommendations, Borrowell looks for to be the one quit shop that Canadians consider first when it involves any aspect of the individual funds.

Borrowell Business Information

Borrowell Company Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as complies with: Borrowell is a happily Canadian company with a single goal in mind: to aid individuals make wonderful choices about credit score. This is why we were the initial in Canada to supply cost-free credit report as well as records from our partner, Equifax, Canada’s largest credit bureau.

Borrowell Address

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

Borrowell Products

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

Borrowell Google Evaluation Summary

Borrowell has 4.5 celebrities on Google Reviews put together from over 700 reviews.

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Leadership Team/ Secret People

Andrew Graham – Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Founder & COO.
Lisa Brown – VP, Individuals & Society.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Earnings.
Wilson Pappo – VP, Item.
Amruta Karmarkar – VP, Design.