Category Archives: News

Borrowell Launches Free Equifax® Credit Report Monitoring, A Canadian First

TORONTO, Canada – January 24, 2018 – Borrowell, Canada’s leading credit education company, today announced that it is providing Canadians with free access to their Equifax credit reports. For the first time, Canadians will be able to monitor important information in… Read More

Rachel Surman

January 24, 2018

Blog,News
deloitte fast 50

Borrowell Named One Of Eleven Companies-to-Watch In Canada

Borrowell received a Companies-to-Watch award as part of the Deloitte Technology Fast 50 Program! The program recognizes early-stage companies with strong growth potential. Borrowell is one of eleven companies across Canada to win the award this year – and is… Read More

Rachel Surman

November 9, 2017

Blog,News
Interest Rate

Bank of Canada Keeps Interest Rate At 1%: What You Need To Know

The Bank of Canada (BoC) kept its trendsetting interest rate at 1% on Wednesday, following two straight hikes in July and September. This rate, called the “Overnight Rate,” is what dictates the prime consumer lending rates of Canada’s “Big Five… Read More

Rachel Surman

October 25, 2017

Blog,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

Personal Finance,Blog,News
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

Blog,News
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

Blog,News
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

Blog,News
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
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

Credit Score Education Centre,News

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

Blog,News