Cool Product Alert!

If you are new to credit or new to Canada and looking to build your credit, a great tool is Rent Advantage from our friends at Borrowell.

How does it work? Create an online account with Borrowell, register your banking information. Borrowell with their relationship to Equifax, will report good rental repayment to your credit bureau to build up your credit worthiness and to put you in a better position to purchase a home faster and build better credit.

You will have to log into your account each month to confirm your rent payment with Borrowell. You will be able to track your rent payment history in your credit report.

This is a really great option as you are not required to take on additional debt to help with building your credit, there are no credit checks, and you can cancel at anytime.

Checkout the new Rent Advantage from Borrowell here: Rent Advantage | Borrowell™