Canadian Credit Health Trends – 2017

Steven HopeBlog

It’s been nearly a year since we began giving Canadians free credit scores. We’ve pulled almost 600,000 credit scores for over 200,000 users (if you don’t know your credit score, you can get it for free here ). We’ve had a chance to look into data provided by our friends at Equifax to answer a question many of you have been … Read More

New To Credit: Guide to Building Great Credit in Canada

Dean Van AsseldonkBlog

So you checked your Equifax credit score for free with Borrowell and there wasn’t enough information to produce your credit score. Why is this? What do you do now? The credit score provided by Borrowell is calculated by Equifax and is called the Equifax Risk Score 2.0 (ERS 2.0 ). To calculate your score, Equifax gathers credit information from your financial institutions (e.g. your payment history), phone and utility companies … Read More

Why Is My Credit Score Different With Borrowell?

Robert PalumboBlog, News

creditscoredashboard

So you heard about Borrowell’s credit score service and decided to try it out. Woo hoo! Just one problem. You sign up online, only to discover that your score is different than when you checked your score directly with Equifax, your bank, or another company. What gives? Score differences are to be expected. Our customers are often surprised to learn they have many … Read More