Free Credit Report Borrowell


You may not realize it, but your credit report is probably the most important financial document you own. It dictates how much you pay for things like car loans and mortgages, whether or not you can get approved for new credit cards and loans, and even if you’re eligible for certain jobs. The more time goes by without checking your credit report, the higher your risk of making mistakes that could cost you big bucks down the road. In this guide we’ll show you where to go to access your free credit score and report in Canada — as well as how to read it so that no matter what grade score you land on (or don’t), there’s always room for improvement!

For those of you who don’t know, a credit report is a document that provides information on your credit history and shows whether or not you have any outstanding debts. Your credit score is a number generated by looking at your history, which lenders use to determine whether or not they should offer you loans.

Credit Score vs. Credit Report

Did you know that your credit score is not the same as your credit report? Credit score is a three-digit number between 300 and 850. It’s based on the information in your credit report, but it’s used by lenders to determine whether or not to lend you money or give you a loan. Your credit report is a history of all of your credit activity, including things like paying bills on time and using too much of your available credit (what’s called “maxing out”). A snapshot of this information can be found on any website that provides free access to detailed reports; however, most sites will only provide partial information. The best way to get an accurate picture of where you stand financially—and take steps toward better financial health—is by requesting a full copy from Borrowell.

Why check your credit report?

Checking your credit report is important for a number of reasons:

  • You can see if there are any errors.
  • You can see if you have been denied credit.
  • You can see if you have been overcharged for credit.
  • You may be able to spot unauthorized accounts or collections on your report that need to be removed, which will improve your score and help you get approved for more things in the future (like an apartment or car loan).

Where to access your free credit score and report in Canada

There are a few ways to do this, but we’ll review the most common option today:

Use Borrowell This service let users sign up for an account online and then provide immediate access to their scores and reports at no cost.

How to read your credit report in Canada

Credit bureaus are the companies that keep track of your credit history. They evaluate how you’ve used your credit and assign a score to help lenders better assess whether they should give you a loan or not.

Here’s how to read your credit report in Canada:

  • Understand the difference between a credit score and a credit file

A “credit score” is an artificial number assigned by one or more companies that keeps track of how well you manage money. A “credit file” is what the company uses to calculate this number; it includes all details about past loans, any unpaid bills, and any court judgments against you (even if they’re settled). If there are errors on either one, it can affect whether you qualify for financial products like loans or mortgages at fair interest rates.


In the end, it’s important to remember that your credit report is a snapshot of your credit history. It’s used by lenders when deciding whether or not you qualify for loans and credit cards, so it’s worth checking at least once a year. You can do so through Borrowell—a company that offers free access to your credit report.

If you want to take things a step further and ensure your score stays high all year round, consider using one of these tips:

  • Pay off debts on time every month. Don’t miss any payments!
  • Try to get some positive items on your accounts (like making all payments on time). If there aren’t any positive items already on the account, see if there are any negative ones that could be removed by calling in or sending an email directly from their website (more details below). These types of reports give lenders an idea about how responsible someone has been with their finances overall—and since they’re used as part of calculating scores for everything from loans and mortgages down through small business financing options like SBA loans (which help entrepreneurs start up new businesses), having good qualifications here can make all kinds of difference when applying for credit products down the road!

Everyone should check their credit report at least once a year, you can do it for free through Borrowell

With Borrowell, you can check your credit score and report for free. You’ll get a better understanding of where things stand so you can make informed decisions now, and in the future.

This is a great way to start planning for your next big purchase or financial goal!

How? We’re glad you asked:

  • Sign up with Borrowell . This takes about 5 minutes total – don’t worry if you don’t have an existing account with them.
  • Once this step is complete, log into your dashboard . On this page you’ll see information about how lenders view each aspect of your credit score and how it could affect your ability to borrow money (or not). If there are any changes since last year’s scorecard was generated they’ll be highlighted here along with explanations as needed.”


There are many ways to improve your credit report and score, but the most important thing is that you do it. It’s always good to have an idea of where you stand so that you can take steps towards improving your situation. If you’re looking for more information about how to manage your money, check out our blog!