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
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
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
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
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
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
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
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
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
November 16, 2016News
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
October 27, 2016News