What Is The Lowest Credit Score Possible

What Is The Lowest Credit Score Possible

In the past couple of years, it has became much simpler, simpler and more affordable for Canadians to quickly as well as securely obtain their complimentary credit report and also credit history report immediately online.

Prior to 2016, the most effective method for Canadians to obtain their credit rating record as well as credit rating online was to obtain a totally free test of Equifax’s premium services, or to register for Transunion’s similar offering.

The good news is, late in 2016 a leading on-line finance service provider, Borrowell, partnered with Equifax to supply free credit report reports as well as ratings to all Canadian consumers. This dramatically moved the industry landscape over night.

Join over 2 million other Canadians and promptly obtain your free credit rating and also free credit score record now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech business with the objective of making monetary success possible for all Canadians. They offer accessibility to on-line credit report education, innovative credit score tools.

They were the very first company in Canada to bring cost-free credit score records as well as ratings from Equifax to the online masses.

They likewise pioneered the idea of an AI powered credit train with their Molly credit report coach offering. Molly makes personalized recommendations concerning exactly how to improve credit score, and also what credit score items would be ideal fit to each customer based upon their specific credit score record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the very first product to permit Canadians to develop their credit rating just by paying their rent monthly promptly. Since press time, this solution is just being used to select Borrowell customers at a membership rate of $5 monthly.

What Does Borrowell Offer?

Free Credit Score Report as well as Score:

Borrowell has actually aided greater than 2 million Canadians by giving them with the tools they need to better comprehend, master as well as handle their credit score. Making use of this deal takes less than 3 mins, as well as doesn’t have any type of unfavorable influence on your score (known as a soft credit history inquiry).

Credit History Builder

A more recent offering only readily available to pick Borrowell customers, this product is a credit building financial savings lending that sets you back $10/monthly, potentially improves your credit report, and offers you back $240 in financial savings at the end of the term.

Charge Card Comparisons

Borrowell has partnered with lots of leading financial institutions such as BMO and also Scotiabank to supply a range of charge card choices for Canadian consumers with all different types of credit history profiles. Their AI powered credit scores coach Molly aids in this procedure.

Personal Loans

After acquiring your Equifax Credit score Record and Rating, Borrowell displays a range of vetted instalment funding supplies from their banks companions, tailored to your credit report. Although Borrowell does not offer car loans straight, they do offer a hassle-free way to promptly contrast fundings from relied on companions.

Home Loans

Comparable to their individualized AI-powered charge card as well as car loan referrals, they also enable Canadians out there for a home loan a fast means to contrast rates, and also have a far better chance of getting the best bargain and price feasible.


Contrast financial services in a hassle-free way with Borrowell’s bank contrast device that aids locate as well as recommend the appropriate banking products for you

Insurance Coverage

Canadians can contrast insurance policy items on the internet with Borrowell in addition to finding out about as well as taking control of their debt.

Rent Advantage

Announced in July 2022, Borrowell Rent Advatage permits Canadians to build credit score with their rent for only $5/month. As this item was just revealed, even more details make sure to adhere to as it rolls out to all Canadians.

Finally, by supplying such a wide variety of economic devices and also recommendations, Borrowell looks for to be the one stop store that Canadians consider first when it comes to any kind of element of the individual finances.

Borrowell Company Information

Borrowell Firm Summary

Financial Institution in Toronto, Ontario

Borrowell Describes itself as adheres to: Borrowell is a happily Canadian firm with a solitary objective in mind: to aid individuals make wonderful choices regarding credit scores. This is why we were the first in Canada to offer cost-free credit history and also reports from our companion, Equifax, Canada’s biggest credit report bureau.

Borrowell Address

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

Borrowell Products

Free Credit History.
Free Credit Rating Record.
Credit rating Train.
Credit Builder.
Rent Advantage.

Borrowell Google Testimonial Summary

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

Borrowell Current Purchases

2021 – Refresh Financial.

Borrowell Management Team/ Secret Individuals

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