Category Archives: Blog

Personal Loans Calculator

Introducing: The Borrowell Personal Loan Calculator!

Debt has become a major issue in Canada. In fact, 2017 figures from Equifax show that consumer debt is now at an all-time high of almost $1.8 trillion – and this includes $90 billion in outstanding credit card debt! If… Read More

Rachel Surman

March 16, 2018

Blog
frugal tips to save money

7 Frugal Living Tips To Help You Save Money

Wouldn’t you love to hold onto more of your money? Have you ever wondered what makes frugal people so, well, frugal? Learning to live a more frugal lifestyle is one of the easiest ways to keep money in your wallet.… Read More

Michelle Summerfield

March 9, 2018

Blog
Bank Of Canada

The Bank Of Canada Keeps Interest Rate At 1.25%

The Bank of Canada (BoC) announced Wednesday it’s keeping its trendsetting interest rate at 1.25%. This interest rate is called the “Overnight Rate” and is what dictates the prime consumer lending rates of Canada’s “Big Six Banks.” For context, the… Read More

Rachel Surman

March 7, 2018

Blog

EQ Bank GIC: Review

If you’re thinking about opening a Guaranteed Investment Certificate (GIC) in Canada, there has never been a better time! Canadians have a lot of choices when it comes to GICs, however, the newly-launched EQ Bank GIC is currently offering some… Read More

Rachel Surman

March 6, 2018

Blog
Qualifying for a mortgage

The Ultimate Guide To Qualifying For A Mortgage In 2018

The new mortgage rules are the talk of Canada at the moment! If you’ve been following the news, you’ll know that qualifying for a mortgage in 2018 is much harder than it was last year.  If the words “stress test”… Read More

Rachel Surman

March 1, 2018

Mortgages,Blog
creative home

5 Creative Ways To Get Into The Housing Market

Has the high cost of real estate got you down? If you’re looking to buy in a big city like Calgary, Toronto or Vancouver, even buying on a shoestring five percent down payment budget can be challenging. (The new mortgage… Read More

Sean Cooper

February 27, 2018

Mortgages,Blog
wedding dress

5 Tips To Find The Perfect Wedding Dress On A Budget

Spring is on its way and love is in the air! In case you were wondering, Canadians are still spending a lot of money on weddings – but think they will be spending less. A new poll from Ipsos found… Read More

Rachel Surman

February 26, 2018

Blog
free credit monitoring

Study: Monitoring Your Credit Score Can Help Improve It Over Time

A study conducted by Borrowell, Canada’s leading credit monitoring company, has found a positive relationship between the frequency of credit score monitoring and credit score increase over time. Drawing from user data, the study also reported that customers with lower… Read More

Rachel Surman

February 21, 2018

Blog
Personal Loan To Maximize My RRSP Contributions

Should I Consider A Personal Loan To Maximize My RRSP Contribution?

We are now well into RRSP season, with the deadline of March 1st right around the corner! This means you have until then to contribute to your RRSP and have it applied to your 2017 tax return. If you haven’t… Read More

Janine Rogan

February 21, 2018

Blog
how long does information stay on my credit report

How Long Does Information Stay On My Credit Report?

Now that Borrowell has launched free credit reports for Canadians – we get asked this question all the time: “How long does information stay on my credit report?” It’s an understandable question, considering how important credit is to almost all… Read More

Rachel Surman

February 16, 2018

Blog