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The Well

Rachel Surman | Blog

Borrowell’s Free Credit Monitoring Service Is Now Available In Quebec (Beta)

July 3, 2018

Bonjour! We have exciting news to share: we’ve made free credit score available in Quebec (beta).

We’re super excited to be in the awesome province of Quebec. Now, for the first time, residents of Quebec can access their credit score and credit report for free with Borrowell.

New to credit scores? Don’t worry. We provide the tools you need to help you improve your score and financial well-being in general.

Your credit score may be a deciding factor in whether you’ll be approved for a personal loan, credit card, or a mortgage and having a good credit score will make it easier to do all of those things. Knowing your credit score is the first step to understanding and improving it.

Free credit score available in Quebec! Check your free credit score with Borrowell. It only takes 3 minutes.

What can you expect to receive when you become a Borrowell member?

1. Your monthly credit score refresh

You’ll receive your updated free credit score emailed to you each month. We’ll let you know if your credit score is improving or if it could use a little TLC. We’ll even keep track of how you’re doing overtime with our CreditTracker tool.

2. Your full Equifax credit report (also free!)

When you log in to your credit dashboard, you’ll also see the “Credit Report” tab at the top of the page beside the credit score tab. You can think of your credit report as your financial report card because it gives you insights into your credit health. On your credit report you’ll find:

  • Credit inquiries – check who has made any inquiries about your credit and if you’ve authorized these checks.
  • Credit utilization – check how much of your available credit you’re currently using. Pro tip: try to keep your total credit card utilization under 30%. 
  • Trades and accounts – see important information about the different accounts in your name, all in one place.

3. Personalized product recommendations

It’s the perfect time for us to make your free credit score available in Quebec because our recommendations engine is stronger than ever! When you get your credit score, you can navigate to the right side of your dashboard and click on the “My Recommendations” tab.

You’ll see personalized financial products tailored to your unique credit profile. We only recommend products we think will help you improve your credit score or your financial well-being.

4. Credit articles and education

Borrowell’s mission is to help Canadians make great decisions about credit. In order to fulfill this mission, we understand credit education has a large role to play. This is why we’ve focused much of our education efforts on our blog, The Well.

Sign up for Borrowell’s bi-weekly newsletter to receive the latest Canadian financial news, money and credit management tips and personal loan articles.

Wait a minute. How does Borrowell make money?

Great question. As a financial technology company, transparency is key. Our business generates revenue by recommending products such as low-interest personal loans, savings accounts, and other financial products based on your unique credit profile and financial goals. If you take a product we recommend, that company pays us a referral fee. We also offer our own personal loan product and we earn a fee on each loan.

If you’re not interested, that’s totally fine – we’re still happy to provide you with your credit score for free. Hopefully, over time, we’ll recommend something you’ll find useful. If not, we’re happy to help you learn about and improve your credit score.

Are your services available in French?

Borrowell only offers its services in English for the time being (that’s why we’re calling this the Quebec beta launch) because we wanted to get our product to you as soon as possible.

In the future, we plan on offering our services in French to better serve our Francophone members. Stay tuned!

Free credit score available in Quebec! Check your free credit score with Borrowell. It only takes 3 minutes.

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