Keeping track of your credit score doesn’t have to be complicated—or expensive. In Canada, two of the most popular tools for free credit monitoring are Credit Karma and Borrowell. These apps give you quick, easy access to your credit score and report, along with personalized tips to help you build stronger financial health.
Here’s a closer look at how they work and why they’re worth considering.
1. Credit Karma
What it offers:
- Free credit scores and reports (from TransUnion)
- Weekly score updates
- Personalized recommendations for financial products
- Tools to track your credit progress over time
Why it’s useful:
Credit Karma makes it simple to see where your credit stands at a glance. It’s especially helpful if you want to monitor changes regularly and get advice tailored to your profile.
✅ Best for: People who want easy, ongoing access to their score and product recommendations.
2. Borrowell
What it offers:
- Free credit scores (from Equifax)
- Credit monitoring alerts when your score or report changes
- Personal finance marketplace (loans, credit cards, mortgages)
- AI-powered tips on improving your financial health
Why it’s useful:
Borrowell goes beyond just showing you your score. It actively monitors your profile and sends alerts, so you’re aware of any significant changes. This is especially valuable for spotting potential fraud or errors quickly.
✅ Best for: Individuals who want both credit monitoring and tailored financial product suggestions.
Comparing Credit Karma and Borrowell
| Feature | Credit Karma | Borrowell |
| Credit Bureau Source | TransUnion | Equifax |
| Free Credit Reports | Yes | Yes |
| Score Updates | Weekly | Weekly |
| Monitoring Alerts | Limited | Strong (real-time) |
| Extra Tools | Product recommendations | Marketplace + AI tips |
Why Use These Apps Together?
Since Credit Karma pulls from TransUnion and Borrowell from Equifax, using both apps gives you a fuller picture of your credit profile. Lenders in Canada may report to one bureau, both, or neither—so having insight into both reports helps you avoid surprises.
Key Takeaway
Both Credit Karma and Borrowell are excellent free tools to stay on top of your credit score. Credit Karma is best for ongoing tracking and financial product insights, while Borrowell shines when it comes to monitoring alerts and personalized advice.
By combining both apps, you’ll get the most complete view of your credit health—and take an important step toward building a stronger financial future.
