Andrew Graham • Jan 23, 2018
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 is a very important mission to educate Canadians and help them better manage their finances.
We’re off to a great start. We’ve helped over 350,000 Canadians discover and understand their credit score. Most importantly, a huge number of Canadians have improved their credit score or saved money by using our recommendations.
As always, our job is to empower you by providing the tools and education you need to improve your credit health and save money. That’s why we are very excited to announce the launch of full and completely free credit reports. Every month, you’ll receive your free Equifax credit report along with your free credit score!
Why should you check what’s on your credit report?
What’s in it for Borrowell?
As a financial technology company, transparency is key. We hope that by showing you your credit report in addition to your score, you will be encouraged to use Borrowell more often. Monitoring your credit score and report can help you gain a better understanding of your overall credit health.
When you improve your credit and become more financially literate, we can do a better job of connecting you with relevant money-saving and credit-improving products. Our business generates revenue by recommending products based on your credit profile and financial goals. If you take a product we recommend, we earn a fee.
We hope that if you are happy with this feature, you will tell your friends and help us increase our reach and succeed in our mission in helping Canadians make great decisions about credit.
Many of you asked for free credit reports. We listened! See for yourself.
“I am currently searching for an apartment and my potential landlord has asked for a full credit report. Is this something you can provide?” – Jess
“I love Borrowell but I wish you showed all my lines of credit" – Paige
"Is credit reports something that you will ever offer?” –Amir
As a team, we are passionate about making it easier for Canadians to understand what goes into their credit reports. This knowledge will help to make them be confident and in control of their finances. Offering free credit reports is our next step in fulfilling that mission.
Are you ready to see your full credit report? Click here to get your full Equifax credit score and report from Borrowell!
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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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