Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Saturday, December 4th
Used by over a million Canadians to get free credit reports and solid financial advice, Borrowell is our top-ranked no-cost credit monitoring provider. While you may not get some features offered by paid membership platforms, Borrowell delivers a great set of tools to help you understand your credit score, maintain or improve it as desired, and become well-educated about your finances.
Credit Verify promises much but delivers little. After a required $1 trial for your first week of service, you'll be charged $24.95/month for their credit monitoring - but good luck trying to reach anyone in their customer service department if you decide to cancel. A "D" rating from the Better Business Bureau is further proof that this company isn't trustworthy, and that you should look to a higher-ranked provider for your credit monitoring needs in Canada.
You might remember the days when you had to pay $20 every time you wanted to access your credit score. Not anymore! These days, most banks give you free access to your score just for having an account. There are also several free services that provide your credit score on a weekly or monthly basis.
But, what if you want to keep a closer eye on your finances? Or you want alerts if any suspicious activity is detected on one of your accounts? You're smart to think that way: according to the Canadian Anti-Fraud Centre (CAFC), approximately 27,000 Canadians experience identity theft every year, but only 29% of people they surveyed actually check their credit reports regularly as a means of protecting their personal information.
That's where credit monitoring services come in. You have several options to choose from, ranging from those free services mentioned earlier to monthly subscriptions that go much more in-depth to monitor your accounts, alert you if anything unusual comes up, and may even help you recover if you become a victim of identity theft.
Which Canadian credit monitoring provider is right for you? That depends on what you're looking for, and here are several criteria to keep in mind that can help you decide:
TopConsumerReviews.com has reviewed and ranked the best credit monitoring services for Canadians. We hope this information helps you understand your credit score, keep track of your credit usage, and continue to establish healthy credit habits well into the future.
Select any 2 Canadian Credit Monitoring Companies to compare them head to head
Canadian Fintech Borrowell Celebrates Financial Literacy Month, 2M ...
Canadian fintech Borrowell announced this week that more than two million Canadians are now members of its platform. This announcement comes during Financial Literacy Month in Canada, as Borrowell ...
Fri, 26 Nov 2021