Rachel Surman • Oct 25, 2017
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 Borrowellcustomers 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 monthly credit score monitoring. This means that you can sign up for Borrowell, for free, and receive a monthly 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 refresh it each month so you can monitor your score and save money.
Doing these 5 things can help you get an excellent credit score, according to a new Borrowell study.
Nov 01, 2019
Welcome to The Ultimate Guide To Personal Finance For College And University Students, by Borrowell! In this five-part guide, you’ll learn about important personal finance concepts that will prepare you for the next few years of school and beyond.
Aug 07, 2019
Today is an exciting day for all of us at Borrowell! We’re pleased to share that over a million people have signed up to Borrowell as members. This is an important milestone. It means that one in every 25 adult Canadians uses our free credit monitoring service! By that measure, this makes Borrowell Canada’s largest fintech company.
Apr 02, 2019
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.
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