Borrowell Review 2026
An in-depth look at Borrowell's features, eligibility, and how it compares to other options in Canada.
Visit BorrowellWhat Is Borrowell?
Borrowell is one of Canada's leading free credit score platforms, providing many Canadians with free access to their Equifax credit score and report. Founded in 2014, they've become a trusted name in Canadian personal finance.
The platform goes beyond just showing your score — it provides AI-powered product recommendations, credit monitoring alerts, and educational content to help you improve your financial health. All of this is completely free.
Borrowell makes money through referral partnerships with financial institutions, not from charging users. When you're matched with a product recommendation and apply, Borrowell earns a referral fee from the provider.
Credit Score
Free Equifax score
Monitoring
Weekly updates
Users
Millions of Canadians
Cost
100% free
Pros & Cons
Pros
- Free Equifax credit score with weekly updates
- No credit card required to sign up
- AI-powered personalized product recommendations
- Credit monitoring with change alerts
- Free credit report access
- Educational tools for financial literacy
Cons
- Uses Equifax score only (not TransUnion)
- Product recommendations are referral-based
- Score may differ from lender's own scoring model
- Some features require Borrowell Premium subscription
How to Get Started
Create Your Free Account
Sign up with your name, address, date of birth, and SIN. Takes about 3 minutes.
Verify Your Identity
Answer security questions to verify your identity and access your credit information.
View Your Score
Instantly see your Equifax credit score, credit report details, and personalized recommendations.
Eligibility
- Must be a Canadian resident
- Must be 18+ years old
- Must have a valid Social Insurance Number (SIN)
- Must have an active credit file with Equifax
Frequently Asked Questions
How does Borrowell make money if it's free?
Borrowell earns referral fees from financial institutions when users apply for recommended products like credit cards, loans, or mortgages. You are never charged.
Can I see my full credit report on Borrowell?
Yes. Borrowell provides free access to your Equifax credit report, including account details, payment history, and inquiries.
How often does Borrowell update my score?
Borrowell updates your Equifax credit score on a weekly basis, so you can track changes regularly.
Common Questions Canadians Ask About Borrowell
Is Borrowell safe to give my SIN to?
Yes. Borrowell is an official Equifax partner trusted by millions of Canadians. They use bank-level encryption and require your SIN only to verify your identity and pull your credit report — the same process any credit-monitoring service uses.
Why is my Borrowell score different from my bank?
Different providers may use different credit bureaus (Equifax vs TransUnion) or scoring models. Borrowell shows your Equifax score. Your bank may use TransUnion or a proprietary model, leading to slight differences.
Can Borrowell help me get a loan?
Borrowell provides personalized loan and credit card recommendations based on your credit profile. While they don't lend directly, their AI matching helps you find products you're likely to be approved for.
Does signing up for Borrowell affect my credit?
No. Signing up and checking your score on Borrowell is a soft inquiry, which has zero impact on your credit score. You can check as often as you like.
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Editorial Note: Our content is reviewed by financial experts for accuracy. We may receive compensation from partner lenders, which does not influence our rankings or recommendations. Read our full disclosures
Borrowell Resources
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