Borrowell co-founder & CEO Andrew Graham shares his expertise on what everyone needs to know about credit scores and borrowing in Canada
If you have any questions about credit scores, I guarantee you that they'll have been answered by the end of this episode. I was so fortunate to have been able to interview Borrowell co-founder and CEO Andrew Graham for this episode, because he really is the credit score guru!
Not only did he start one of the fastest-growing Fintech companies in Canada, he also really knows his stuff and gave me quite the education. Which makes it quite obvious how his passion for financial literacy and offering Canadians better options for borrowing led him to co-found Borrowell.
After working for several years in the banking industry, Andrew realized that Canadians were getting into deeper and deeper debt with sky-high interest rates holding them back. He wanted to find a solution that would save people from paying 19.99% interest on their credit card, but still be able to borrow to help them when they really needed it.
We get into more detail about why he started Borrowell, what his company's mission is all about, and most importantly why it's so important to have a firm knowledge of credit and borrowing before you take out any type of loan.
Here's a break down some of the key things we talked about in this episode, with some additional resources so you can know your stuff before you get out your next loan.
Key Things to Know About Credit Scores
More Helpful About Credit Scores
Get Your Free Credit Score
Want to find out your credit score for free without dinging it? You can now thanks to Borrowell. As I mentioned in this episode, I checked mine after my interview with Andrew. The last time I checked my credit score was when I was getting pre-approved for my mortgage. At the time it was in the high 700s, but when I checked again this time it had gone up to the low 800s (which is quite high for your reference. I even impressed Andrew!). Make sure to check yours at bwll.co/momoneypodcast.
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Show notes: jessicamoorhouse.com/87