Category Archives: News

Equifax credit monitoring credit score

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

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… Read More

Rachel Surman

September 19, 2017

News,Blog
Canadian flag. Equifax breach. Canada.

Equifax Hack Data Breach: What you can do about it in 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… Read More

Rachel Surman

September 13, 2017

News,Blog
toronto skyline

What do Canadians need to know about the Equifax Data Breach?

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… Read More

Rachel Surman

September 9, 2017

News,Blog
Toronto Financial District, the big 5 banks.

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

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… Read More

Rachel Surman

September 7, 2017

News,Blog
The Borrowell Office

Borrowell Raises $57 Million in Funding from Major Investors

It’s an exciting time at Borrowell, to say the least! Today we announced we’ve raised $57 million in a Series A round of funding as we expand our free credit score, loan offerings, and other financial products to help more… Read More

Rachel Surman

July 21, 2017

News,Blog
creditscoredashboard

Why Is My Credit Score Different With Borrowell?

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,… Read More

Robert Palumbo

May 9, 2017

News,Blog

Your Credit Score Dashboard Is Now Better Than Ever!

We’ve made a complete redesign to your free credit score dashboard and we would love for you to be among the first in Canada to try it out: New features include: Updated User Interface: this makes it easier than ever… Read More

Robert Palumbo

March 30, 2017

News,Blog
know your credit score

Know Your Credit Score in Canada Day – March 31st

Have you ever gone online to check your credit score? Only about 14% of Canadians have… but Borrowell wants to change that for Canadians from coast to coast. That’s why Borrowell is sponsoring “Know Your Credit Score Day in Canada”… Read More

Robert Palumbo

March 28, 2017

News,Blog
Woman With Credit Card

Canadians with credit card debt suffer emotionally as holiday shopping season begins

Borrowell and Dr. Oren Amitay team up to help Canadians this holiday season. Black Friday kicks off a time of year where many Canadians with credit card debt go through extreme emotional distress. Dr. Oren Amitay & Borrowell are teaming… Read More

Eva Wong

November 16, 2016

News

CIBC strikes partnership with online lender Borrowell | Globe and Mail

DAVID BERMAN | The Globe and Mail Canadian Imperial Bank of Commerce has teamed up with a small online lender, Borrowell Inc., offering an example of an established financial institution choosing to work with a rival rather than compete against it.… Read More

Administrator

October 27, 2016

News