Canadian Credit Health Trends – 2017

Steven HopeBlog

It’s been nearly a year since we began giving Canadians free credit scores. We’ve pulled almost 600,000 credit scores for over 200,000 users (if you don’t know your credit score, you can get it for free here ). We’ve had a chance to look into data provided by our friends at Equifax to answer a question many of you have been … Read More

New To Credit: Guide to Building Great Credit in Canada

Dean Van AsseldonkBlog

So you checked your Equifax credit score for free with Borrowell and there wasn’t enough information to produce your credit score. Why is this? What do you do now? The credit score provided by Borrowell is calculated by Equifax and is called the Equifax Risk Score 2.0 (ERS 2.0 ). To calculate your score, Equifax gathers credit information from your financial institutions (e.g. your payment history), phone and utility companies … Read More

Why Is My Credit Score Different With Borrowell?

Robert PalumboBlog, News

creditscoredashboard

So you heard about Borrowell’s credit score service and decided to try it out. Woo hoo! Just one problem. You sign up online, only to discover that your score is different than when you checked your score directly with Equifax, your bank, or another company. What gives? Score differences are to be expected. Our customers are often surprised to learn they have many … Read More

EQ Bank Review

Robert PalumboBlog

eq bank review

Guest Written By: Janine Rogan Money Well Banked is the tagline for one of Canada’s newest online financial institutions: EQ Bank. EQ Bank is a trademark of Equitable Bank, and is used to describe their new digital bank – featuring no monthly fees and great rates to help you save. EQ Bank offers free everyday banking to Canadians with their … Read More

True North Mortgage Review

Robert PalumboBlog

true north mortgage review

True North Mortgage Review Guest Written by: Janine Rogan Home ownership seems to be the ticket into adulthood. Boomers and Generation X swear by the real estate market and want their children the millennials to get in as soon as possible so they too can reap the rewards. Gone are the days however, that you stay loyal to your bank … Read More

Know Your Credit Score in Canada Day – March 31st

Robert PalumboBlog, News

Have you ever gone online to check your credit score? Only about 14% of Canadians have… but Borrowell wants to change that for Canadians from coast to coast. That’s why Borrowell is sponsoring “Know Your Credit Score Day in Canada” on Friday, March 31st, 2017. Why does this matter? Your credit score can affect your ability to get approved for … Read More

4 Resolutions To Make 2017 Way Better Than 2016

Robert PalumboBlog

2017goals

BOLD Prediction: 2017 is going to be waaay better than 2016. It just has to be. This is doubly true if you get started on the right financial footing. So, we are going to recommend four financial resolutions that will allow you to improve your financial health while keeping up a great lifestyle in the new year. See ya later, … Read More

7 Simple Tips to Save $5,000 in 2017

Robert PalumboBlog

We are one month away from 2017. If you’re reading this, you would probably love another $5,000 in your wallet. Who wouldn’t? Our solution: We are going to share 7 different tips with each tip saving you approximately $60 per month. If you manage to tackle all 7 tips, this can add up to over $5,000 per year (7 tips … Read More