Is Free Credit Score Safe

Is Free Credit Score Safe

In the past few years, it has came to be much less complex, simpler and also cheaper for Canadians to quickly as well as firmly acquire their totally free credit score and also credit report instantaneously online.

Before 2016, the most effective method for Canadians to obtain their credit score report and also credit score online was to get a complimentary trial of Equifax’s premium services, or to register for Transunion’s comparable offering.

Fortunately, late in 2016 a leading on the internet loan supplier, Borrowell, partnered with Equifax to offer cost-free credit score reports and ratings to all Canadian customers. This significantly shifted the sector landscape overnight.

Join over 2 million other Canadians as well as instantaneously get your cost-free credit score as well as free debt report currently Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the goal of making economic success feasible for all Canadians. They supply access to on the internet credit education and learning, innovative credit scores tools.

They were the very first firm in Canada to bring totally free credit scores reports and scores from Equifax to the on the internet masses.

They additionally pioneered the concept of an AI powered credit scores instructor with their Molly credit score train offering. Molly makes customized referrals about how to improve credit rating, and also what credit products would certainly be best matched per customer based upon their details credit rating record variables.

In July of 2022 they released Borrowell Rent Advantage which is the first product to enable Canadians to build their credit history merely by paying their rent each month promptly. As of press time, this solution is only being provided to select Borrowell clients at a registration rate of $5 each month.

What Does Borrowell Deal?

Free Credit History Record and Score:

Borrowell has actually aided more than 2 million Canadians by offering them with the devices they need to better recognize, master and handle their credit. Making the most of this deal takes less than 3 mins, and doesn’t have any type of negative influence on your score (known as a soft credit score query).

Debt Builder

A more recent offering just readily available to choose Borrowell customers, this product is a credit report building financial savings finance that costs $10/monthly, potentially boosts your credit report, and also offers you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with lots of leading banks such as BMO and Scotiabank to use a series of bank card choices for Canadian consumers with all various sorts of credit accounts. Their AI powered credit history trainer Molly help in this process.

Personal Finances

After getting your Equifax Credit Report and also Rating, Borrowell presents a range of vetted instalment finance provides from their financial institution partners, customized to your credit rating. Although Borrowell does not provide finances directly, they do supply a convenient method to swiftly compare finances from relied on companions.

Home Loans

Similar to their customized AI-powered bank card as well as lending suggestions, they additionally enable Canadians out there for a home loan a fast means to compare rates, and also have a much better chance of getting the very best deal as well as price possible.


Compare financial solutions in a practical way with Borrowell’s bank contrast tool that helps locate and also recommend the right banking items for you

Insurance Policy

Canadians can compare insurance coverage items online with Borrowell in addition to finding out about and taking control of their credit report.

Rent Advantage

Reported in July 2022, Borrowell Rent Advatage enables Canadians to build credit report with their rent for just $5/month. As this item was just announced, more information make sure to follow as it rolls out to all Canadians.

In conclusion, by offering such a large range of financial devices and recommendations, Borrowell looks for to be the one stop shop that Canadians think of first when it pertains to any kind of facet of the individual finances.

Borrowell Business Details

Borrowell Company Summary

Banks in Toronto, Ontario

Borrowell Explains itself as complies with: Borrowell is a proudly Canadian business with a solitary goal in mind: to assist individuals make great decisions regarding credit score. This is why we were the first in Canada to supply cost-free credit scores as well as reports from our companion, Equifax, Canada’s biggest credit score bureau.

Borrowell Address

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

Borrowell Products

Free Credit Score.
Free Credit Report Report.
Credit scores Train.
Credit scores Builder.
Rent Advantage.

Borrowell Google Evaluation Recap

Borrowell has 4.5 celebrities on Google Reviews compiled from over 700 testimonials.

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Key Individuals

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