What’s In A Credit Score?

AdministratorBlog

Credit Score Borrowell

When it comes to your financial health, there are lots of numbers you could examine. Your bank balance, the amount of debt you owe and your net worth are just some examples. But of all these numbers, credit score has to be the one that Canadians understand the least. What goes into a credit score? What’s the difference between a … Read More

3 Ways Tech Will Change Your Finances Forever

StephanieBlog

tech finances

Canadian companies are using technology to improve your financial life. Big changes are coming to make things simpler and more rewarding, from how you pay for a lunch-time coffee to how you plan for retirement. Investing A recent repor t from the Canadian Centre for Policy Alternatives highlighted how high fees on mutual funds are eroding Canadians’ retirement savings in their RRSPs: … Read More

The Biggest Financial Innovation For Consumers Since The ATM?

Andrew GrahamBlog

marketplace lending

I’m en route back to Toronto from New York City, where members of the Borrowell team were attending LendIt 2015 . LendIt is the world’s largest and most influential marketplace lending conference. This year, 2500 people from around the globe gathered to network and explore how technology will change the way people and businesses get access to credit. What’s marketplace lending? Marketplace lending takes the “marketplace” approach … Read More

7 Essential Personal Finance Reads for Recent Grads

Robert PalumboBlog

Millenials at cafe

Like many other young Canadians, I recently went through the process of finishing school and moving to the city. I quickly found it easy to let my spending spiral out of control. Looking around, I saw my peers living fast (… “YOLO”, right?!). Living in an exciting new environment can make you feel that the sky is the limit. Similar to the … Read More

How Borrowell is bringing better borrowing to Canadians

Andrew GrahamBlog

Borrowell Team

Why has technology transformed so many other industries, from retail to travel, but financial services have stayed much the same? That’s the question that got us started at Borrowell. With consumer debt at record levels, we were surprised that there were so few borrowing options for responsible Canadians. On one hand, traditional bank loans usually require a trip into a … Read More