What’s The Difference Between Soft And Hard Credit Inquiries?
You may be wondering, “what’s the difference between soft and hard credit inquiries?” Well, it relates to your credit score. Your credit score is a complex number. A large portion of your score depends on how often you make on-time payments and… Read More
I Have A Zero Credit Score – Now What?
Capital One® is a proud partner of Borrowell. Tens of thousands of Canadians get their free credit score from Borrowell every single day. But sometimes, all they see is a zero credit score! How could this be? It’s a bit… Read More
July 18, 2018Credit Score Education Centre
What’s The Difference Between Installment And Revolving Credit?
Borrowing against credit is helpful – it lets us make big purchases and cover unexpected expenses while paying for it with future income. Misusing credit, however, can negatively impact your credit score and your future ability to borrow money when… Read More
Study: Monitoring Your Credit Score Can Help Improve It Over Time
A study conducted by Borrowell, Canada’s leading credit monitoring company, has found a positive relationship between the frequency of credit score monitoring and credit score increase over time. Drawing from user data, the study also reported that customers with lower… Read More
The Top 3 Credit Score Myths: Busted!
Building good credit after a financial setback is not an easy task. While it can be tough to sort through all the information available, challenging your assumptions is a good place to start! Look out for these credit score myths… Read More
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… Read More
October 25, 2017Credit Score Education Centre
Why Did My Credit Score Drop?
So you checked your new (monthly!) updated credit score with Borrowell and it has dropped by a few points. While it can sometimes be a little worrisome – don’t freak out just yet. There are a lot of things that… Read More
September 27, 2017Credit Score Education Centre
New To Credit: Guide to Building Great Credit in Canada
So you checked your Equifax credit score for free with Borrowell and there wasn’t enough information to produce your credit score. Why is this? What do you do now? The credit score provided by Borrowell is calculated by Equifax and… Read More
May 25, 2017Credit Score Education Centre
Why Is My Credit Score Different With Borrowell?
So you heard about Borrowell’s credit score service and decided to try it out. Woo hoo! Just one problem. You sign up online, only to discover that your score is different than when you checked your score directly with Equifax,… Read More
Different Types of Credit And Why Variety Is The Spice Of Life
We’ve chatted a lot about credit, credit scores, and what determines your magic number – but what about the types of credit we have, and how those affect our score? Different types of credit carry weight in different ways. For… Read More
November 17, 2016Credit Score Education Centre