Who Uses Borrowell

Who Uses Borrowell

In the past few years, it has became much easier, much easier and cheaper for Canadians to promptly as well as firmly obtain their free credit score and credit score report immediately online.

Prior to 2016, the most effective means for Canadians to get their credit history report and credit history online was to get a complimentary test of Equifax’s premium solutions, or to sign up for Transunion’s comparable offering.

Fortunately, late in 2016 a leading online car loan provider, Borrowell, partnered with Equifax to supply cost-free credit score records as well as ratings to all Canadian customers. This substantially moved the sector landscape overnight.

Join over 2 million various other Canadians as well as instantly get your complimentary credit report and complimentary credit rating report now Free Credit Score and Credit Report From Borrowell

Who is Borrowell?

Borrowell is a Toronto based fintech firm with the goal of making economic success possible for all Canadians. They offer access to online credit history education and learning, ingenious debt devices.

They were the initial company in Canada to bring free credit history reports as well as ratings from Equifax to the on-line masses.

They also spearheaded the principle of an AI powered credit rating train with their Molly credit history coach offering. Molly makes personalized recommendations concerning how to enhance credit report, and what credit report products would be finest matched to each client based upon their details credit scores record factors.

In July of 2022 they launched Borrowell Rent Advantage which is the initial item to allow Canadians to develop their credit rating just by paying their rent each month on time. As of press time, this solution is only being used to select Borrowell clients at a membership rate of $5 monthly.

What Does Borrowell Offer?

Free Debt Report as well as Rating:

Borrowell has actually assisted more than 2 million Canadians by offering them with the tools they require to much better comprehend, master as well as manage their credit scores. Making the most of this offer takes less than 3 minutes, and does not have any adverse impact on your rating (referred to as a soft credit score questions).

Credit Score Builder

A newer offering just available to select Borrowell clients, this item is a credit building savings car loan that costs $10/monthly, potentially improves your credit history, and offers you back $240 in cost savings at the end of the term.

Charge Card Comparisons

Borrowell has actually partnered with many leading financial institutions such as BMO and Scotiabank to use a variety of credit card choices for Canadian customers with all different sorts of credit history accounts. Their AI powered credit report coach Molly help in this process.

Individual Finances

After getting your Equifax Debt Report and Score, Borrowell shows a range of vetted instalment car loan supplies from their banks companions, tailored to your credit history. Although Borrowell does not use loans straight, they do offer a hassle-free means to promptly contrast financings from relied on companions.

Home Mortgages

Comparable to their individualized AI-powered charge card and finance recommendations, they likewise enable Canadians out there for a home loan a quick method to compare prices, and also have a much better chance of getting the very best deal as well as price possible.


Contrast banking remedies in a practical means with Borrowell’s bank contrast tool that assists find as well as suggest the appropriate financial products for you


Canadians can contrast insurance coverage products on the internet with Borrowell along with learning more about and taking control of their credit.

Rent Advantage

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

Finally, by providing such a variety of monetary devices as well as recommendations, Borrowell looks for to be the one stop shop that Canadians think about first when it comes to any type of facet of the individual financial resources.

Borrowell Company Information

Borrowell Company Summary

Banks in Toronto, Ontario

Borrowell Defines itself as follows: Borrowell is a happily Canadian business with a solitary goal in mind: to assist individuals make excellent decisions regarding credit report. This is why we were the first in Canada to provide free credit history and records from our companion, Equifax, Canada’s biggest credit bureau.

Borrowell Address

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

Borrowell Products

Free Credit Report.
Free Credit Rating Record.
Credit rating Coach.
Credit Builder.
Rent Advantage.

Borrowell Google Evaluation Recap

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

Borrowell Recent Acquisitions

2021 – Refresh Financial.

Borrowell Management Group/ Trick People

Andrew Graham – Founder & CHIEF EXECUTIVE OFFICER.
Eva Wong – Co-Founder & COO.
Lisa Brown – VP, Individuals & Culture.
Jeff Yim – CFO, Money.
Simon Wyse – VP, Earnings.
Wilson Pappo – VP, Product.
Amruta Karmarkar – VP, Engineering.