What does the Borrowell inquiry codes on my credit report mean?
There are four unique soft inquiry codes that may show up on your Equifax Canada credit report: AUTH BORROWELL INC (500ZD04272), BORROWELL (484FZ00279), BORROWELL (481FZ50866), and BORROWELL INC. (481FZ50330). While these may appear as separate accounts on your credit report, these are all associated with your Borrowell Free Credit Score account. The inquiries “AUTH BORROWELL INC (500ZD04272)” and “BORROWELL (484FZ00279)” are used to attempt ID verification when the account is created. “BORROWELL (481FZ50866)” is the weekly credit score update that is associated with the account, and “BORROWELL INC (481FZ50330)” is the initial credit report retrieval.
How is a Borrowell Free Credit Score account created?
You can create a Borrowell Free Credit Score account by applying online. The Borrowell Free Credit Score sign-up process requires that you provide your personal information (name, address, and date of birth), consent to Borrowell’s request of your credit report, and answer additional verification questions generated by Equifax Canada based on the information in your credit file.
What information is displayed on my credit report that Borrowell requests from Equifax Canada?
The following information is displayed on the credit report that is provided by Equifax Canada through your Borrowell Free Credit Score account: personal information (name, date of birth, address), credit file general information (credit score, the date the credit file was created, the date the credit report was last pulled), tradelines/accounts (including the type of tradeline, name of business or institution, balance, high credit, past due amount, payment history status, last activity date, open date, and last reported date), and hard credit inquiries. Borrowell does not display the specific product name, any unique identifier, or account number for tradelines.
Does Borrowell need my social insurance number to create a Free Credit Score account?
No, Borrowell does not collect your social insurance number.