Sep 09, 2017
Equifax, the credit bureau Borrowell uses to provide free credit scores, announced on Thursday that it was the subject of a large-scale data breach. This breach has reportedly affected 143 million Americans, as well as an unknown number of people living in Canada and the United Kingdom.
The hackers were able to obtain sensitive information, but Equifax Canada has not yet provided details about how many Canadians have been affected or the data that was stolen. Equifax will be working comprehensively with UK and Canadian regulators to assess the impact.
Borrowell is in no way directly affected by the breach and its systems are secure.
Have Canadians been affected?
Yes, however, it is unknown how many Canadians have been affected or the data that was stolen.
Has Borrowell been compromised?
No, Borrowell has not been compromised. Borrowell is in no way directly affected by the breach. Equifax has set up to provide more information to help their customers determine if their information has been potentially impacted.
This incident is a reminder of the importance of data security, which is something taken extremely seriously at Borrowell. Borrowell uses bank-level encryption to protect client data and this data will never be sold to a third party without the customer’s explicit consent. Read more about Borrowell’s privacy and security policy .
Are Borrowell users affected?
It is possible that customers may have been affected by the breach, however, this is unrelated to their involvement with Borrowell. Borrowell customers’ personal information is secure and the situation is being monitored very closely.
Where can I learn more?
You can find more information on the Equifax incident.
Credit scores can be very confusing and intimidating, and it’s very hard to find reliable information to understand your credit scores. That's why we created this definitive guide.
Sep 25, 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
Thanks A Million Borrowell Officially Passes One Million Members
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.
2014-2019 Borrowell® | The Credit Is All Yours!