Borrowell for Newcomers in Canada 2026 — Free Credit Score & Report
Free Equifax score weekly. Rent Advantage builds credit without a credit card.
Borrowell is a Canadian fintech that gives newcomers free access to their Equifax credit score (updated weekly) and full credit report — no credit card required. For newcomers with no credit history, Borrowell's Rent Advantage program reports your rent payments to Equifax, helping you build a credit score without needing a credit card. This is particularly valuable for newcomers who pay rent from day one. Borrowell also offers secured credit cards (through partner banks) and a credit builder loan product. Borrowell is free for basic credit monitoring and free score access. Rent Advantage is a subscription service. For newcomers starting from zero, the combination of KOHO (for payment history) and Borrowell (for score monitoring + rent reporting) is often recommended.
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