Do you know your credit score? Canada’s new mortgage rules make it more important than ever

Robert PalumboBlog


If you’re a Canuck in the market for a mortgage, some new rule changes may affect your decision making. The federal government of Canada announced several major changes in mortgage rules that have the potential to put a significant dent in the purchasing power of buyers. The government has indicated that these changes are a response to steep increases in … Read More

The Ultimate Guide to Canadian Credit Scores


Canadian credit scores

Welcome to The Ultimate Guide to Canadian Credit Scores, the most comprehensive guide to Canadian credit scores on the web! Credit scores can be very confusing and intimidating, and it’s very hard to find reliable information to understand your credit scores.  It is our hope that the information contained in this guide can help make credit scores more accessible and … Read More

10 Ways A Good Credit Score Can Improve Your Life


CBC The Exchange

Did you know that for the first time ever, Borrowell and Equifax have partnered to give Canadians their Equifax credit score for FREE? It only takes 3 minutes and it won’t affect your credit score! Having a good credit score is the key to unlocking a world of financial benefits – but only 14% of Canadians know their credit score. … Read More

Why Is Borrowell Giving Canadians Their Credit Scores For Free?

Andrew GrahamBlog

Why Borrowell Credit Scores

It’s been a big week, here at Borrowell! On Monday, for the first time in Canadian history, we made credit scores available for free, without having to apply for credit. The number one question we’re being asked is “Why?” So why are we doing this? We’re a digital lender offering Canadians with good credit loans online. Ironically, we’re a lender … Read More

Borrowell CEO Andrew Graham on “Mostly Money, Mostly Canadian” Podcast


Preet Banerjee

Borrowell CEO Andrew Graham was recently a guest on Preet Banerjee’s podcast “Mostly Money, Mostly Canadian” The episode was entitled “How Online Lenders Compete With Big Banks” and featured a candid discussion between Andrew and Preet From Preet: “The gap in interest rates between secured and unsecured debt for prime borrowers in Canada is pretty big. That’s why Andrew Graham, … Read More

Love Is In The Air


Did your partner propose to you during a romantic Valentine’s Day dinner or a picturesque spring walk in a park? Congratulations! Spring is a popular time for engagements and weddings, and an exciting time for brides and grooms. If you’re like most modern couples, you celebrated for a few days, called all your friends and family, and then turned to … Read More

How Much Does Your Credit Card Debt Cost You?


Find Out With Our New Credit Card Savings Calculator! Do you want to pay off your credit cards today? Of course you do. That’s easier said than done. When you realize how much that niggling credit debt is costing you, you’ll see why it makes sense to do it today (if not yesterday!). Perhaps the most compelling argument for paying off your … Read More

Top 3 Reasons to Pay Off Your Overdue Credit Card Balance

Robert PalumboBlog

FB Out of Red Canada

Have you ever felt alone in your struggle with overdue credit card balances? Does your debt never seem to disappear no matter how hard you try to save? You’re not alone. Credit card debt is a serious issue affecting millions of Canadians. In fact, a recent National Omnibus Survey commissioned by Borrowell found that 56% of Canadians struggle or have recently struggled with credit … Read More

Matrimonics: The Economics of Marriage


wedding loans rings

It’s February and Love is in the air! But according to a survey from Weddingbells  magazine, love (or at least marriage) doesn’t come cheaply. Here are the average costs of a wedding in Canada according to their survey:   Surprised by how much everything adds up to? What surprised us the most is how few couples have the funds saved up … Read More

5 Questions With Bruce Sellery


One of our favourite blog features is called “5 Questions With”, in which we pose 5 thought provoking questions to various prominent members of our community.  In this week’s blog post, we ask 5 Questions to Personal Finance Guru Bruce Sellery! Bruce Sellery is one of the top personal finance experts in Canada. The Founder and author of Moolala (a personal … Read More