Category Archives: Blog

credit report dispute

How Do I Update Or Dispute Information On My Free Credit Report?

Have you heard the news? Borrowell has now launched free credit reports! This means that each month you’ll be able to see your free credit report, along with your credit score, to help you get the full picture when it… Read More

Rachel Surman

January 24, 2018

Blog
Credit score myth

The Top 3 Credit Score Myths: Busted!

Building good credit after a financial setback is not an easy task. While it can be tough to sort through all the information available, challenging your assumptions is a good place to start! Look out for these credit score myths… Read More

Daniel Teo

January 8, 2018

Blog
2018

Take Control Of Your Finances! 4 Ways To Save In 2018

Happy New Year from Borrowell! Is your New Year’s resolution to take control of your finances and pay off debt? You’re not alone. According to a new CIBC poll – 25% of those surveyed listed reducing debt as their top… Read More

Rachel Surman

January 2, 2018

Blog
woman getting low interest loan

How Do I Consolidate My Debt With A Low Interest Personal Loan?

The holidays can be an expensive and hectic time of the year. Getting into credit card debt during this time is all too easy; with the swipe of a card, your holiday shopping is complete! But not so fast. According… Read More

Rachel Surman

December 21, 2017

Blog

What Does My Credit Score Need To Be To Get A Mortgage In Canada?

Buying a home is one of the most important (and expensive) decisions that you’ll ever make in your life. If you’ve decided to take the leap into homeownership, congratulations! Depending on where you live, it may be a tough process,… Read More

Barry Choi

December 14, 2017

Blog
Toronto's Financial District

Bank Of Canada Keeps Interest Rate At 1%: But Warns Of Coming Increase

The Bank of Canada (BoC) is keeping its trendsetting interest rate at 1%, as it did in October, but is warning Canadians that increases may be on the way. This interest rate is called the “Overnight Rate” and is what… Read More

Rachel Surman

December 6, 2017

Blog
Holiday Shopping in Canada

How To Avoid Overspending This Holiday Season

It’s the most wonderful time of the year! Between holiday parties, visiting friends and family, and ringing in the new year in style – the holiday season can put added stress on your finances. If you haven’t started preparing for… Read More

Rachel Surman

December 6, 2017

Blog
piggy bank savings account

How Does Interest On A Savings Account Work?

Happy Financial Literacy Month! As you may know – we’re answering questions that our customers asked about personal finance and building credit. Our goal at Borrowell is to help Canadians make great decisions about credit and improve their financial well-being through… Read More

Rachel Surman

November 23, 2017

Blog
secured credit cards

How Does A Secured Credit Card Work?

Did you know November is Financial Literacy Month? A part of Borrowell’s mission is to help Canadians improve their financial well-being, so for us, every month is Financial Literacy Month! Our goal is to help Canadians make great decisions about… Read More

Rachel Surman

November 16, 2017

Blog
Wallet

The Best Rewards Credit Cards Of 2017 In Canada

Rewards credit cards are a very popular type of credit card in Canada because Canadians love rewards! If you’re going to spend on everyday purchases anyway, you might as well be rewarded for it. There are various types of rewards… Read More

Rachel Surman

November 10, 2017

Blog