Category Archives: Personal Loans

what’s the difference between a secured and unsecured loan

What’s The Difference Between A Secured And Unsecured Loan?

This guest post is written by our partners at Fairstone. If you’re researching loans, you may ask yourself, “what’s the difference between a secured and unsecured loan?” We’ve broken down the differences between the loan types to help you decide… Read More

Fairstone

August 28, 2018

Blog,Personal Loans

What’s The Difference Between Installment And Revolving Credit?

Borrowing against credit is helpful – it lets us make big purchases and cover unexpected expenses while paying for it with future income. Misusing credit, however, can negatively impact your credit score and your future ability to borrow money when… Read More

Daniel Teo

June 22, 2018

Blog,Credit Score Education Centre,Personal Loans
personal loan or line of credit

Personal Loan Or Line Of Credit: What Is The Difference?

Many Canadians often wonder whether they should take a personal loan or line of credit. However, there are common misconceptions about how both of them work. In this blog, we’ll explain the differences between the two credit products to help… Read More

Rachel Surman

May 10, 2018

Blog,Personal Loans
Lower interest rates

We’ve Lowered Interest Rates On Borrowell Personal Loans! What Does This Mean For You?

We know that high-interest credit card debt can be a huge burden. We also know how important securing a low-interest rate on a loan for your next big purchase can be. This is why we’ve lowered our interest rates by… Read More

Rachel Surman

April 17, 2018

Blog,Personal Loans
Personal Loans Calculator

Introducing: The Borrowell Personal Loan Calculator!

Debt has become a major issue in Canada. In fact, 2017 figures from Equifax show that consumer debt is now at an all-time high of almost $1.8 trillion – and this includes $90 billion in outstanding credit card debt! If… Read More

Rachel Surman

March 16, 2018

Blog,Personal Loans
Personal Loan To Maximize My RRSP Contributions

Should I Consider A Personal Loan To Maximize My RRSP Contribution?

We are now well into RRSP season, with the deadline of March 1st right around the corner! This means you have until then to contribute to your RRSP and have it applied to your 2017 tax return. If you haven’t… Read More

Janine Rogan

February 21, 2018

Blog,Personal Loans
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

Personal Loans
pay off debt

Is A Borrowell Loan Right For Me?

In addition to providing credit scores for free, Borrowell is in the business of offering unsecured personal loans. Somewhat ironically, we’re a lender that wants to help Canadians get out of debt, not into more of it. And that’s a… Read More

Robert Palumbo

June 27, 2017

Personal Loans