A Step-By-Step Guide To Convince Someone You Love To Check Their Credit Score
Happy Valentine’s, Palentine’s, and/or Galentine’s Day! Whatever you’re celebrating, we hope you get to spend some time with the people you care about the most. What better way to show that you care than by helping someone else improve their… Read More
Take Control Of Your Finances! 5 Ways To Save In 2019
Happy New Year from Borrowell! The new year is the perfect time to start thinking about your financial goals for the year and to make a plan to attain them. Is “pay off debt” on your list of financial goals?… Read More
What Is A Credit Score And Why Does It Matter?
Your credit score is incredibly important. The magical little number can define our financial status in the eyes of many. If you’re wondering, “What is a credit score, anyway?” – don’t worry! We’ve got you covered. What is a credit… Read More
November 30, 2018Credit Score Education Centre
What Does My Credit Score Need To Be To Get A Mortgage In Canada?
Buying a home is one of the most important (and expensive) decisions that you’ll ever make in your life. If you’ve decided to take the leap into homeownership, congratulations! Depending on where you live, it may be a tough process,… Read More
The Importance Of On-Time Payments
You may have heard that making on-time payments is the key to having a good credit score. But just how important is it to make your payments on time? The importance of on-time payments Making payments on time, also known as… Read More
What Is Credit Utilization?
One of the most important factors that determine your credit score is your credit utilization, but many Canadians don’t know what it is! Did you know your credit utilization determines 30% of your credit score? So, what is credit utilization?… Read More
Study: Monitoring Your Credit Score Can Help Improve It Over Time
A study conducted by Borrowell, Canada’s leading credit monitoring company, has found a positive relationship between the frequency of credit score monitoring and credit score increase over time. Drawing from user data, the study also reported that customers with lower… Read More
February 21, 2018Studies
How Long Does Information Stay On My Credit Report?
Now that Borrowell has launched free credit reports for Canadians – we get asked this question all the time: “How long does information stay on my credit report?” It’s an understandable question, considering how important credit is to almost all… Read More
Can Taxes Affect My Credit Score?
Your credit score is the number that essentially allows you to be approved for future credit. Future credit can take the form of credit cards, auto loans, or even mortgages. If you’re trying to borrow money, your credit score matters.… Read More
Why Are We Launching Free Credit Reports?
We started Borrowell with a big goal in mind: to help Canadians make great decisions about credit and improve their financial well-being. With Canada’s household debt at record levels – to the tune of $2.11 trillion – we think there… Read More