Rachel Surman • Jan 24, 2018
Borrowell is all about helping Canadians understand and improve their financial well-being. This is precisely why we have now launched FREE credit reports! Your free credit report reveals important information about your credit score, your financial history, and can give you insights into your financial health.
So what should you be looking for when you check your credit report? Here’s a list of 3 things you must check ASAP.
1. Your credit inquiries
When you access your free credit report from Borrowell, it’s important to take a look at your credit inquiries. Credit inquiries are any inquiries about your credit that are done by lenders or financial institutions to find out about your creditworthiness.
Make sure all of the inquiries on your report are ones that you have agreed to. As always, checking your credit score and report with Borrowell will not affect your credit score.
2. Your personal information
Your free credit report will also show some of your personal information, such as your date of birth and your most recent home address. It’s important to make sure this information is correct so you can find and dispute any errors.
Incorrectly reported information can negatively impact your credit score, so you’ll want to spend some time carefully going over your report.
3. Your trades and accounts
Your free credit report will also show all of your trades and accounts in one place. This refers to any open or closed accounts that appear on your credit report, such as loans, mortgages, or mobile phone accounts.
Seeing your trades and accounts together can help you keep track on your different accounts in your name.
If you haven’t got your free credit report yet from Borrowell – what are you waiting for? Knowing and understanding both your credit score and report can help you see the full picture when it comes to your finances.
Get your free credit score and free credit report from Borrowell.com.
In this Borrowing 101, we’ll give you an overview of credit cards. You can also see other introductions to personal loans, lines of credit, and mortgages to help you understand how they work, when to use them, and what to be careful of.
The Borrowell Team
Apr 27, 2020
It's always good to know what you can do to improve your credit score, no matter where you are on your financial journey. Whether you’re looking to rebuild your profile or planning a big purchase in the future, increasing your score can mean more attractive interest rates and offers on things like credit cards, loans, mortgages and lines of credit.
The Borrowell Team
Mar 01, 2020
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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