This App Lets You Check And Monitor Your Credit Score For Free In Canada
If you haven't looked into your credit score before, Borrowell is letting Canadians do it for free with their credit score and report monitoring tool.
Understanding your credit score is something that's super important at any age, since having a good one is essential for making big purchases like a car or a house.
A credit score is a number between 300-850 that shows your creditworthiness — the higher you get scored the better. This number is based on your history, including open accounts, total debt, repayment history, and more.
The Borrowell app, available for download both on the App Store and Google Play, lets you sign up for free and track your score.
Borrowell is a Canadian company affiliated with Equifax, a Canadian credit bureau, according to its website.
It also offers automated credit coaching tools and AI-driven financial recommendations that might help you improve how you manage your finances.
So if a car, a house, wedding, or any other big-ticket purchase is in your near future, you may want Borrowell's help on how you can build and maintain good credit.
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