The Well

Why you should check your credit score now

Why You Need To Check Your Credit Score Right Now (!)

Credit scores are important – which is why it’s so shocking that less than half of Canadians know their credit score! For those new to credit, a credit score is a three-digit number that is used by banks and lenders… Read More

Rachel Surman

October 12, 2017

Blog
Credit, good credit, Borrowell

Why Did My Credit Score Drop?

So you checked your new (monthly!) updated credit score with Borrowell and it has dropped by a few points. While it can sometimes be a little worrisome – don’t freak out just yet. There are a lot of things that… Read More

Rachel Surman

September 27, 2017

Blog
Travel with koho and Borrowell

How To Travel This Winter – And Not Break The Bank!

Is anyone else dreading the colder weather, or is it just us? Just the thought of pulling out those winter boots for another long, cold, five-month-long winter makes us want to crawl into our beds and (maybe) never come out.… Read More

Rachel Surman

September 26, 2017

Blog
Carrot Rewards

Carrot Rewards: The Health App That’s Saving Canadians Money

If you haven’t downloaded the Carrot Rewards app yet, now is the time. Carrot is an app that lets you earn points for your favourite rewards programs by engaging with government-approved messages about wellness. Using Carrot, you can earn rewards… Read More

Rachel Surman

September 20, 2017

Blog
Equifax credit monitoring credit score

You Can Now Monitor Your Credit Score More Often: Our Response To The Equifax Security Incident

Last week, we posted a blog informing our members of the Equifax security incident that affected 143 million Americans. Today, Equifax confirmed that the incident has affected approximately 100,000 Canadian consumers. The information that was compromised included names, Social Insurance… Read More

Rachel Surman

September 19, 2017

Blog
Canadian flag. Equifax breach. Canada.

Equifax Data Breach: What you can do About it in Canada

You may have heard the news about the Equifax data breach. At Borrowell, we believe in helping Canadians make great decisions about credit – and this means being as transparent and helpful as possible. We’ve been in contact with Equifax… Read More

Rachel Surman

September 13, 2017

News,Blog
toronto skyline

Equifax data breach: What you need to know

What happened? Equifax, the credit bureau Borrowell uses to provide free credit scores, announced on Thursday that it was the subject of a large-scale data breach. This breach has reportedly affected 143 million Americans, as well as an unknown number… Read More

Rachel Surman

September 9, 2017

News,Blog
Toronto Financial District, the big 5 banks.

Consumer lending rates jump after Bank of Canada hike: but what does this mean for you?

The Bank of Canada (BoC) raised its trendsetting interest rate from 0.75% to 1% on Wednesday, prompting Canada’s “Big Five Banks” to increase prime consumer lending rates. Effective Thursday, RBC, BMO, TD, Scotiabank, and CIBC will all increase prime lending… Read More

Rachel Surman

September 7, 2017

News,Blog
Investing Wealthsimple

Wealthsimple Review: 3 Reasons Why You Should Start Investing Early in Life

For those new to investing, planning to be financially secure for your retirement might be the last thing on your mind. Between student loans, increasing rent costs across Canada, and just starting out in the workforce – planning for retirement… Read More

Rachel Surman

August 22, 2017

Blog
Drop Rewards App. Earn with Drop.

5 Reasons Why Borrowell Loves 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… Read More

Rachel Surman

August 2, 2017

Blog