5 Reasons Why Borrowell Loves Drop

Rachel SurmanBlog

Drop Rewards App. Earn with Drop.

What is Drop, you say? It’s only the best new rewards app on the market. But no worries if you haven’t heard of it just yet, because your pals here at Borrowell have your back. We’re all about saving you money and Drop wants to help save you money, too. Drop is a financial technology company focused on bringing value to … Read More

#Winning: Borrowell Raises $57 Million in Funding from Major Investors

Rachel SurmanBlog, News

The Borrowell Office

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 Canadians just like you. We’re proud to announce we’ve raised $12 million in equity funding and $45 million in new … Read More

It’s Been A Year Of Free Credit Scores!

Dean Van AsseldonkBlog

Anniversaries are important to celebrate –  let’s have a look at the last year. On June 20th, 2016 Borrowell became the first company in Canada to offer credit scores for free. We’ve loved helping Canadians discover their credit score, but we are just getting started. We’re here to help you achieve your financial goals. Building great credit is important for your … Read More

Is A Borrowell Loan Right For Me?

Robert PalumboBlog

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 good thing! We believe that when used responsibly, Borrowell loans can be a great way to improve your financial well-being. Our goal is to … Read More

Canadian Credit Health Trends – 2017

Steven HopeBlog

It’s been nearly a year since we began giving Canadians free credit scores. We’ve pulled almost 600,000 credit scores for over 200,000 users (if you don’t know your credit score, you can get it for free here ). We’ve had a chance to look into data provided by our friends at Equifax to answer a question many of you have been … Read More

New To Credit: Guide to Building Great Credit in Canada

Dean Van AsseldonkBlog

So you checked your Equifax credit score for free with Borrowell and there wasn’t enough information to produce your credit score. Why is this? What do you do now? The credit score provided by Borrowell is calculated by Equifax and is called the Equifax Risk Score 2.0 (ERS 2.0 ). To calculate your score, Equifax gathers credit information from your financial institutions (e.g. your payment history), phone and utility companies … Read More

Why Is My Credit Score Different With Borrowell?

Robert PalumboBlog, News


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, your bank, or another company. What gives? Score differences are to be expected. Our customers are often surprised to learn they have many … Read More

EQ Bank Review

Robert PalumboBlog

eq bank review

Guest Written By: Janine Rogan Money Well Banked is the tagline for one of Canada’s newest online financial institutions: EQ Bank. EQ Bank is a trademark of Equitable Bank, and is used to describe their new digital bank – featuring no monthly fees and great rates to help you save. EQ Bank offers free everyday banking to Canadians with their … Read More

True North Mortgage Review

Robert PalumboBlog

true north mortgage review

True North Mortgage Review Guest Written by: Janine Rogan Home ownership seems to be the ticket into adulthood. Boomers and Generation X swear by the real estate market and want their children the millennials to get in as soon as possible so they too can reap the rewards. Gone are the days however, that you stay loyal to your bank … Read More