Category Archives: News

interest rates

The Bank of Canada Left September Interest Rate Unchanged: What Does That Mean for Borrowers?

This post is guest written by Penelope Graham of  Zoocasa. Good news for borrowers of floating-rate mortgages: The Bank of Canada (BoC), our nation’s central bank, has left its trend-setting Overnight Lending Rate at 1.5% for the month of September, meaning your… Read More

Penelope Graham

September 5, 2018

Bank Of Canada

Bank Of Canada Hikes Key Interest Rate – What You Need To Know

The Bank of Canada (BoC) raised its key interest rate from 1.25% to 1.50% on Wednesday. This is the bank’s fourth increase in the last year. Here’s what you need to know. What is the key interest rate? This interest… Read More

Rachel Surman

July 11, 2018


It’s Been Two Years Of Free Credit Scores!

At Borrowell, we’re big on celebrations. Whether it be birthdays at the office, promotions, or company anniversaries – we’re always ready with balloons and cake in hand. So what’s so special about June 20th? On June 20th, 2016, Borrowell became… Read More

Rachel Surman

June 20, 2018

Borrowell Commercial

5 Questions With Eva Wong About Borrowell’s New TV Spot: ‘Home Birth’

If you’ve ever felt anxious when it comes to your finances, more specifically your credit score, Borrowell – Canada’s leading credit monitoring company – has a new commercial just for you. The commercial features a young couple in the midst… Read More

Rachel Surman

April 25, 2018

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

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

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

interest rates

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

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


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

Credit Score Education Centre,News