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Borrowell

Avg. Rating: 4.9 (10 reviews)

Borrowell helps Canadians take control of their credit by providing free access to their credit score and Equifax credit report in under three minutes. With over three million users, Borrowell offers personalized insights, financial tools, and product comparisons from over 75 partners.

Our mission is to help Canadians feel confident about money by making credit information accessible and easy to understand.

  • TIME IN BUSINESS: Since 2014
  • # OF CUSTOMERS: 3 million+
  • LOANS OFFERED: Free Credit Report & Score
https://www.borrowell.com

1-888-285-0990

info@borrowell.com 1 University Ave, Toronto, ON M5J 1S8
Call Center: Mon-Fri - 7:30 am - 8;00 pm
Saturday - 9 am - 3 pm
Sunday - Closed
Support Offered:
  • Phone
  • Blog
  • Member Portal
  • Email
Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.

Borrowell’s Free Credit Report: How it Works & What You Need to Know

Your credit score plays a major role in your financial future, and Borrowell makes it easy to check your score and full Equifax credit report—for free.

Signing up is simple, takes less than three minutes, and won’t affect your credit score.

What You’ll Get with Borrowell’s Free Credit Report

  • 100% Free – No hidden fees or credit card required
  • Equifax Credit Report – See your credit history, accounts, and any inquiries made on your file
  • Weekly Score Updates – Track your progress with automatic updates every week
  • No Impact on Your Score – Borrowell uses a soft check, so checking your score won’t lower it
  • Personalized Credit Insights – AI-powered recommendations from Molly, Canada’s first Credit Coach

How to Sign Up for Free:

  1. Visit Borrowell’s website.
  2. Create an account – No credit card required
  3. Get instant access to your Equifax credit report and score
  4. Receive weekly updates to stay on top of your credit health

Borrowell helps you take control of your finances with expert insights, credit monitoring, and personalized financial product recommendations. Join over 3 million Canadians already using Borrowell to stay informed and build a stronger financial future.

Sign up today and start tracking your credit with confidence!

 

Articles About Borrowell

Borrowell - Smarter Loans

Borrowell is Commited to Helping Canadians Improve Their Credit Health
By Joseph Czikk

Joseph is an experienced writer in the fields of Business, Technology and Finance in Canada. Joseph has been featured in Betakit, National Post, Montreal Gazette, Vancouver Sun, Regina Leader Post, Techvibes and BC Business Online.

Borrowell Finds Early Successes With All-Star Backers
By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Frequently Asked Questions About Borrowell

What is Borrowell, and how does it work?

Borrowell is a free credit monitoring service that provides Canadians with access to their Equifax credit score and report. Signing up takes less than three minutes, and checking your score won’t affect your credit.

Does checking my credit score with Borrowell lower it?

No, checking your credit score with Borrowell is a soft inquiry, meaning it won’t impact your credit score. Unlike hard inquiries from lenders, Borrowell lets you check your score as often as you like without consequences.

How often does Borrowell update my credit score?

Borrowell provides weekly credit score updates, so you can track changes, monitor progress, and stay informed about any updates to your credit report.

Is Borrowell really free?

Yes, Borrowell’s credit score and credit report monitoring services are 100% free, with no credit card required. Borrowell makes money by recommending personalized financial products, but you’re never obligated to use them.

Is my personal information safe with Borrowell?

Yes, Borrowell uses 256-bit SSL data encryption to protect your information. They don’t share your personal details with unauthorized third parties or initiate transactions without your consent.

What is Borrowell’s Credit Builder Program?

Borrowell’s Credit Builder program is designed to help improve your credit history. You make payments over 36 months, and they are reported to Equifax Canada. At the end of the term, you receive your savings back, minus any service fees.

What is Molly, Borrowell’s AI Credit Coach?

Molly is Canada’s first AI-powered Credit Coach, providing personalized tips, tools, and articles to help you understand and improve your credit score.

What financial products does Borrowell offer?

Beyond free credit monitoring, Borrowell helps Canadians compare and find the best financial products, including personal loans, credit cards, mortgages, and banking solutions, from over 75 financial partners.

How does Borrowell help Canadians improve their credit?

Borrowell provides free credit monitoring, personalized insights, and innovative services like Credit Builder and rent reporting to help Canadians build their credit. By making on-time payments, members can strengthen their credit history and unlock access to better financial products at more competitive rates.

What makes Borrowell different from other credit monitoring services?

Unlike many services, Borrowell offers completely free access to credit scores and Equifax credit reports, with no hidden fees or impact on credit scores. Additionally, Borrowell provides AI-powered insights and personalized financial product recommendations, making it easier for users to make informed financial decisions.

Borrowell Reviews

Avg. Rating: 4.9 (10 reviews)
WRITE A REVIEW
Too bad I didn’t know about this before

Doing the paperwork and stuff was easy. borrowell made things pretty painless. Michael is a good person, he helped me step by step and explained things. Just wish the interest rate was better because I feel it’s too high, but I guess that’s part of this business.

Greg M
Loan

Submitted for load

Mahbub Hossain
Excellent

Surprisingly easy process to find out credit score and results in less than 10 minutes! Trusted site, would recommend to others. Offered peace of mind knowing what my score was. Thanks Borrowell!

George
Thank You

I needed a quick and easy option for a loan and Borrowell seemed to fit that criteria, so I gave it a shot. Worked out perfectly!

Arnold
This is why I HATE banks!

If I did this application at a bank,not only would they interrogate me,but the approval process would take forever.But these guys were so fast and easy to talk to and I got the money so fast.Now I can finally pay down my debt and start fresh soon.

Rob
Excellent Service

When i applied for a loan at Borrowell they treated me with great respect and processed my application quickly. Im very happy to have dealt with this company. Highly recommended.

Jason
Grerat Service

I really needed help and Borrowell was so easy to deal with. I got cash in my account fast and without any hassle.

Anonymous
Helpful

useful website as borrowell shows Equifax score and credit karma shows transunion score both scores are good to know

Martin Dp
Quick and easy

The quickest and easiest process that I have been through in order to borrow money. Thank you for making my life easier and for helping me to take control of my finances!

via. Better Business Bureau

Tracy M
5 Star service

After being approved I applied for a loan with Borrowell last Saturday. Application process was quick and easy...had money in my account by Wednesday! Five stars for Borrowell!!! Will definitely use them again for any future financing needs :)

Mel

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