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The Well

Tag Archives: credit score

free credit monitoring

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

Rachel Surman

February 21, 2018

Blog
how long does information stay on my credit report

How Long Does Information Stay On My Credit Report?

Now that Borrowell has launched free credit reports for Canadians – we get asked this question all the time: “How long does information stay on my credit report?” It’s an understandable question, considering how important credit is to almost all… Read More

Rachel Surman

February 16, 2018

Blog
Equifax credit report

A Step-By-Step Guide To Convince Someone You Love To Check Their Credit Score

We know – checking your credit score can be nerve-wracking! Your credit score, a three-digit number between 300 and 900, is an important indicator of your overall credit health. It’s used by banks and lenders to determine your creditworthiness and… Read More

Rachel Surman

February 14, 2018

Blog
can taxes affect my credit score

Can Taxes Affect My Credit Score?

Your credit score is the number that essentially allows you to be approved for future credit. Future credit can take the form of credit cards, auto loans, or even mortgages. If you’re trying to borrow money, your credit score matters.… Read More

Janine Rogan

February 1, 2018

Blog
Credit Report Launch

Why Are We Launching Free Credit Reports?

We started Borrowell with a big goal in mind: to help Canadians make great decisions about credit and improve their financial well-being.  With Canada’s household debt at record levels – to the tune of $2.11 trillion – we think there… Read More

Andrew Graham

January 24, 2018

Blog
Credit report health

3 Things You Need To Check On Your Credit Report

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… Read More

Rachel Surman

January 24, 2018

Blog
Credit score myth

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

Daniel Teo

January 8, 2018

Blog
2018

Take Control Of Your Finances! 4 Ways To Save In 2018

Happy New Year from Borrowell! Is your New Year’s resolution to take control of your finances and pay off debt? You’re not alone. According to a new CIBC poll – 25% of those surveyed listed reducing debt as their top… Read More

Rachel Surman

January 2, 2018

Blog

What Does My Credit Score Need To Be To Get A Mortgage In Canada?

Buying a home is one of the most important (and expensive) decisions that you’ll ever make in your life. If you’ve decided to take the leap into homeownership, congratulations! Depending on where you live, it may be a tough process,… Read More

Barry Choi

December 14, 2017

Mortgages,Blog
Credit Monitoring

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

Rachel Surman

October 25, 2017

Blog