Log In
Sign Up

3 Reasons Why You Should Monitor Your Credit Score

Rachel Surman

Oct 25, 2017 2 min read

Share on Facebook
Share on Twitter
Share on Linkedin
3 Reasons Why You Should Monitor Your Credit Score

Knowing your credit score is important. But what’s even more important than simply knowing your score? Monitoring your credit score over time! Our data shows that Borrowell customers who frequently monitor their credit score actually improve their score by more points than customers who don’t.

This is just one of the reasons Borrowell has introduced free weekly credit score monitoring. This means that you can sign up for Borrowell, for free, and receive a weekly refreshed score and an email to let you know how you’re doing.

Here are a few more reasons why it’s beneficial for you to monitor your credit score!

Monitoring your score can help you improve your score

We found that customers who monitor their score saw greater improvements in their score than those who only checked once in a while. We also found that customers with lower credit scores were the ones that increased their scores the most.

2. Monitoring your credit score can help you save money

Now we know monitoring your credit score can help you improve it, which is great news! Having a high credit score can actually help you save money in many ways.

A high score gives you access to better credit cards, better mortgage and insurance rates, and better interest rates on a car loan or on a personal loan. The better your score, the more options you have available to you to help you save.

3. Monitoring your credit score with Borrowell is free, easy, and only takes 3 minutes

Monitoring your credit score with Borrowell is completely free. It’s also simple and only takes 3 minutes to sign up. Once you get your free credit score, we’ll update it every week so you can monitor your score and save money.

Get your free credit score today from Borrowell and improve it over time with our free weekly credit monitoring service!

Similar Topics

The Importance Of On-Time Payments
The Importance of On-Time Payments

You may have heard that making on-time payments is the key to having a good credit score. But just how important is it to make your payments on time? If you’ve made the mistake of missing payments in the past, what can you do to help improve your credit score now?

The Borrowell Team

Jun 12, 2020

Learn More

8 Tips to Improve Your Credit Score
How To Improve Your Credit Score in Canada

Here are eight tangible steps you can take to improve your credit score. Your credit score directly impacts your ability to get approved for financing, including credit cards, loans, and mortgages.

Gaurav Pokharel

Feb 04, 2021

Learn More

Borrowing 101: Introduction to Loans and Lines of Credit
Borrowing 101: Introduction to Loans and Lines of Credit  

With all the different credit options available in Canada, it’s important to understand the differences between each one so that you can find the right product for your needs. Credit can be useful to help you establish a history and finance purchases, but should be used mindfully. In this Borrowing 101 article, we’ll give you an overview of personal loans and lines of credit to help you understand how they work, when to use them, and what to be careful of in order to protect your credit score. 

The Borrowell Team

Apr 27, 2020

Learn More

Free Credit ScoreCredit CardsLoansMortgagesBankingInsuranceFree Bill Tracking

Borrowell® is a registered trademark of Borrowell Inc. All Rights Reserved. The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties to determine your credit profile. The score provided to you for educational use is the Equifax Risk Score.

2014-2021 Borrowell® | The Credit Is All Yours!