Borrowell review
Updated October 12, 2026 · DebitCue Editorial Team
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Our verdict
For Canadians wanting clearer credit understanding, Borrowell serves over 4 million members with bureau based score and report monitoring. It is a Canadian credit education company that gives weekly updates, learning resources and personalised product suggestions matched to your profile.
Key facts
- Best for
- Canadians tracking their credit score weekly
- Annual fee
- CA$0 (Source, checked September 26, 2026)
- Perks
- Free weekly Equifax credit score and report monitoring, Free credit report download, Credit score checks that do not hurt your score, Free credit improvement tips and education, Personalized product recommendations from 75+ partners, Bank-level 256-bit encryption security (Source, checked September 26, 2026)
- Legal entity
- Borrowell Inc. (Source, checked September 26, 2026)
- Headquarters
- Canada (Source, checked September 26, 2026)
- Founded
- 2014 (Source, checked September 26, 2026)
- Support channels
- Email, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Official website
- borrowell.com
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInXfacebook.com
Pros and cons
Pros
- Weekly score and report monitoring with explanations for score movement
- Credit improvement tips, articles and tools centred on Canadian credit topics
- Personalised recommendations drawn from more than seventy five partners
- Score checks that leave existing credit records unaffected
Cons
- Canada centred service with limited relevance outside that market
- Education and monitoring focus without everyday banking functions
Who it suits
- Canadians starting to learn how scores work
- People who want weekly visibility on score changes
Who should look elsewhere
- People seeking an account for daily spending
How your money is protected
Your money is protected through careful handling of sensitive credit information rather than through holding funds. Borrowell applies bank level 256 bit encryption to help keep your personal details secure when you sign in and review your information. You can review your score and report regularly because the process is designed not to damage your record. Weekly monitoring plus explanations of score changes help you spot unfamiliar activity early and take calm, informed steps to look after your financial profile.
How Borrowell compares
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Where Borrowell is available
- Available
- Canada
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Which country does Borrowell serve?+
Borrowell serves Canada as a proudly Canadian service made in Canada. It was first to offer this type of score access in the country. Membership now extends to more than four million people across Canada who monitor scores and reports.
How often is my credit information updated?+
Borrowell updates score and report information every single week. You can check your current position whenever you wish and review how it has moved over time. Each update explains factors that may have influenced the change and suggests calm next steps.
What happens to my score when I check it?+
Reviewing your score through Borrowell leaves your record unaffected. You can therefore look at your score and download your report without creating damage through checking. This design lets you stay informed while you learn habits that support steady progress.
How do product recommendations and guidance work?+
Borrowell compares products from more than seventy five partners and matches suggestions to your credit profile. Options can include loans, credit cards and mortgages that align with different needs and goals. You also receive tips, articles and tools that explain improvement in plain everyday terms.
Which company operates Borrowell?+
Borrowell is operated by Borrowell Inc.. (Source, checked September 26, 2026)
Where is Borrowell based?+
Borrowell is based in Canada. (Source, checked September 26, 2026)
When was Borrowell founded?+
Borrowell was founded in 2014. (Source, checked September 26, 2026)
How can I contact Borrowell support?+
Borrowell offers support through Email, Help-centre. (Source, checked September 26, 2026)
Sources
- borrowell.com checked September 26, 2026
Backs: Headquarters, Perks
“Borrowell is proudly Canadian and was first to offer free credit scores in Canada.”
- borrowell.com/contact-us checked September 26, 2026
Backs: Support channels
“For general support, please visit our Help Centre for answers to your questions, even if you're not a Borrowell member.”
- borrowell.com/free-credit-score checked September 26, 2026
Backs: Annual fee
“Get your Equifax Canada credit score and credit report for free!”
- borrowell.com/legal checked September 26, 2026
Backs: Legal entity
“Borrowell is a registered trademark of Borrowell Inc.”
- borrowell.com/reviews checked September 26, 2026
Backs: Pricing model
“Is Signing Up for Borrowell Really Free? Yes, it's really free. Borrowell provides you with your Equifax credit score, free of charge.”
- borrowell.com/who-is-borrowell checked September 26, 2026
Backs: Founded
“2014: Borrowell was founded by Andrew Graham and Eva Wong.”
Compiled from 6 source pages, checked October 17, 2026. We did not open an account.
Not confirmed yet: APR, Currency conversion fee, Rewards type.