Why Did My Credit Score Drop?

Rachel SurmanBlog

Credit, good credit, Borrowell

So you checked your new (monthly!) updated credit score with Borrowell and it has dropped by a few points. While it can sometimes be a little worrisome – don’t freak out just yet. There are a lot of things that can contribute to a slight change in score that you may not realize. So to help make things a little … Read More

How To Travel This Winter – And Not Break The Bank!

Rachel SurmanBlog

Travel with koho and Borrowell

Is anyone else dreading the colder weather, or is it just us? Just the thought of pulling out those winter boots for another long, cold, five-month-long winter makes us want to crawl into our beds and (maybe) never come out. So why not throw your winter jacket back in the closet in protest, and book yourself a vacation this winter? … Read More

Carrot Rewards: The Health App That’s Saving Canadians Money

Rachel SurmanBlog

Carrot Rewards

If you haven’t downloaded the Carrot Rewards app yet, now is the time. Carrot is an app that lets you earn points for your favourite rewards programs by engaging with government-approved messages about wellness. Using Carrot, you can earn rewards by taking quizzes, reading about topics like healthy living, and even just for walking! Best of all, you can choose … Read More

You Can Now Monitor Your Credit Score More Often: Our Response To The Equifax Security Incident

Rachel SurmanBlog

Equifax credit monitoring credit score

Last week, we posted a blog informing our members of the Equifax security incident that affected 143 million Americans. Today, Equifax confirmed that the incident has affected approximately 100,000 Canadian consumers. The information that was compromised included names, Social Insurance Numbers, and in some limited cases, credit card numbers. Equifax confirmed they will notify impacted Canadians by mail to offer free credit score … Read More

Equifax Data Breach: What you can do About it in Canada

Rachel SurmanBlog, News

Canadian flag. Equifax breach. Canada.

You may have heard the news about the Equifax data breach. At Borrowell, we believe in helping Canadians make great decisions about credit – and this means being as transparent and helpful as possible. We’ve been in contact with Equifax directly and they’ve confirmed that a limited number of Canadians have been affected by the breach. Also, if your information … Read More

Equifax data breach: What you need to know

Rachel SurmanBlog, News

What happened? Equifax, the credit bureau Borrowell uses to provide free credit scores, announced on Thursday that it was the subject of a large-scale data breach. This breach has reportedly affected 143 million Americans, as well as an unknown number of people living in Canada and the United Kingdom. The hackers were able to obtain sensitive information, but Equifax Canada … Read More

Consumer lending rates jump after Bank of Canada hike: but what does this mean for you?

Rachel SurmanBlog, News

Toronto Financial District, the big 5 banks.

The Bank of Canada (BoC) raised its trendsetting interest rate from 0.75% to 1% on Wednesday, prompting Canada’s “Big Five Banks” to increase prime consumer lending rates. Effective Thursday, RBC, BMO, TD, Scotiabank, and CIBC will all increase prime lending rates from 2.95% to 3.2%. This is the second time since July that BoC has raised its key interest rate. … Read More