Borrowell: Credit Report

17.7K reviews
Content rating
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About this app

Borrowell's mission is to make financial prosperity possible for all Canadians. Your credit score plays an important role in whether lenders approve you for financial products, and the interest rates you can get. Borrowell was the first in Canada to offer free credit scores. Today, we're the only ones who offer a full Equifax Canada credit report updated weekly, for free. 

Get your free credit score and report in three minutes. Your credit card information and SIN are not required. Download the Borrowell app today.


Monitor Your Credit Score

Access your credit score and credit report with Borrowell's easy-to-use app. Monitor your credit score anytime, anywhere, and receive alerts for changes to your score or credit report. Borrowell is the only app that provides free weekly updates with access to your full credit report.

Understand Your Credit Score

Gain insights into factors affecting your credit score, such as payment history, credit utilization,  credit history, credit inquiries, and average credit age, plus get personalized recommendations for building your credit history.

Get Personalized Financial Product Recommendations

Get custom product recommendations based on your credit profile. Find and compare auto loans, credit cards, bank accounts, insurance and mortgage rates from over 75 trusted financial providers like American Express Canada, BMO Canada, Capital One Canada, Fairstone Bank of Canada, Scotiabank Canada, EQ Bank, National Bank of Canada, Symple Loans and more. See your likelihood of approval before you apply for a loan or credit card. 


Positive credit history, payment history and credit mix are factors that can contribute to a higher credit score. A higher credit score can give you access to more credit products like loans, credit cards and mortgages, and at lower interest rates. Potential landlords and employers may also check your credit score and report as part of your application process.

Borrowell Rent Advantage™ 

Borrowell Rent Advantage™ lets you build credit with the rent payments you’re already making, without landlord involvement. Report your rent payments on your Equifax Canada credit report to build your credit history, payment history and credit mix with your rent. Qualify for this product even with a low credit score. There are no hard credit checks, no hidden fees and no cancellation charges. 

Borrowell Credit Builder

Use Borrowell Credit Builder to build your payment history and diversify the credit mix on your credit report without taking on additional debt or needing a credit card. Your payments are made automatically through a pre-authorized debit agreement, so you never have to worry about missing a payment. There are no hard credit checks, no hidden fees and no cancellation charges.


At Borrowell, protecting our members' information is our utmost priority. We use the bank level 256-bit AES encryption to keep your information safe.


Borrowell has received multiple awards:

Best Workplaces for Women, 2023

Globe and Mail Canada’s Top Growing Companies, 2022

Best Workplaces in Canada, 2022

LinkedIn Canada’s Top Startups, 2021

When you download and use the Borrowell app, you are agreeing to Borrowell's Terms of Use.
Updated on
Aug 31, 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Personal info
This app may collect these data types
Personal info, Financial info and 3 others
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

17.3K reviews
Kimoco Artiste
July 2, 2023
Its ok. Mainly it wants to sell you products based on your score. It says I lost 2 years on my credit history, no explanation given or to be found as to why this might have happened. It doesnt refresh actual bank statements every week, so not sure why its so important to give weekly results when its not accurate anyways. Oh wait yes, in case you want to apply for more credit. Not really worth recommending.
11 people found this review helpful
Borrowell Inc.
July 5, 2023
Hi there, I'm sorry about your negative experience. Borrowell presents to you what is called the Equifax Risk Score 2.0, this score comes directly from Equifax Canada. Please note that online, you are also to see your open and closed accounts under your average credit age which might help provide more information.
Rosivaldo Correa
June 27, 2023
It's just a place where they try to sell you finance products and if you buy something you will discover that the service will not work as expected. I signed for the service "rent advantage" and since I signed it I never could report the rent payment by myself as supposed to be. I have contacted the support three months in a row to have this done. Going to four months. But if next month the problem won't be fixed I will cancel it.
17 people found this review helpful
Borrowell Inc.
June 26, 2023
Hi Rosivaldo, thank you very much for your feedback! Our members use our app to monitor & improve their credit score. Moreover, our app showcases relevant credit products, that fit a member’s unique credit profile, which helps them make choices on products that can assist in improving their financial health.
Rahul Raj Rai
September 14, 2023
This app probably steals your data. I've a network wide tracker blocker. This app doesn't work if I'm connected to the same network. Meaning they stealing our data
Borrowell Inc.
September 14, 2023
Hi Rahul, thank you for your message. Please contact us directly at, with the subject "App Review", and our team will be happy to answer any questions you may have. Thank you!

What's new

We update the app regularly so we can make it better for you. This version includes several bug fixes and performance improvements.