Car Loans Canada Has Partnered With Borrowell

Your credit score is a number ranging from 300 to 900 that reflects your creditworthiness. Lenders assess your credit score to see how likely you are to make payments on time. Higher scores help you qualify for better interest rates on car loans, credit cards, mortgages, and more. A good credit score could potentially save you hundreds and even thousands of dollars on interest payments!

Lenders qualify based on your credit score

Your credit score is one of the main criteria for qualifying for loans, credit cards, and mortgages. Understanding what your actual credit score looks like can help you when you need to borrow money. With Borrowell, you can check your credit score for free and compare what financial products you’re likely to qualify for.

Bill payments improve your credit score

Making regular payments for any loans or credit cards you have can actually help you increase your credit score. Your payment history is a key factor of your credit score, so when you make on-time payments, you’re building up your payment history in a positive way. This will help you improve your credit score and your financial health.

Higher scores qualify for lower rates

Building and monitoring your credit score will help you get lower rates on loans, credit cards, and mortgages. If you need a low-interest loan to pay overdue tax balances, you can use Borrowell to quickly compare lenders and rates you qualify for with your credit score. Avoid accumulating tax debt and protect your credit health by paying your tax bills on time.