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

Credit Card Bills Causing Shame for Canadians


Credit Card Bills Causing Shame for Canadians Majority of Canadians would rather admit their weight or salary than credit card debt TORONTO (January 13, 2016) – The holidays are over. The most depressing day of the year, Blue Monday, is almost here and holiday credit card bills are starting to roll in. According to a recent survey, Canadians are feeling … Read More

10 Easy Tips to Save $5,000 in 2016


2016 Tips

Saving $50/month might not sound like much, but if you can find 10 different ways to save about $50 every month, it adds up to $5,000 a year. And if you’ve got family, the household savings can be really significant – multiply by the number of people in your family! Here are 10 money saving tips to lower your monthly bills … Read More

The State of Canadian FinTech in 2016


In 2015, the financial technology or “fintech” revolution took flight in Canada. From coast to coast, tech-enabled upstarts are working hard to improve the financial well-being of everyday Canadians. Fintech companies achieve this goal by leveraging technology to make things faster, design a better customer experience, all while working to charge less than the big banks. See this infographic to view the various segments of … Read More

How To Make a Holiday Budget


holiday budget tree

Holiday spending got you worried? You might need a budget. If you’re like most Canadians, you may be spending more on the holidays this year. A recent CIBC poll showed that we expect to spend on average $652 on holiday shopping this year. That’s on top of our regular monthly expenses. If you’re thinking, “I’ll just put it on my credit card and worry … Read More