Borrowell, a Toronto-based company, has announced its newest app, 'Credit Coach,' which allows Canadians to break down their credit scores and reports. The app is powered by artificial intelligence and allows users to compare their credit scores with the national average. The app also reminds users when they've missed a payment or if they aren't making the most financially savvy decision.
Credit Coach simplifies consumers' credit scores and reports so they can better understand what factors influence it. Borrowell focuses on teaching Canadians that checking your credit score doesn't negatively impact your score and "is a key part of your overall financial health." Borrowell has already partnered with various financial services companies to help consumers better understand their unique credit profiles. It has helped over 800,000 Canadians receive their credit score. With the many-to-many concept being applied, Borrowell's app is well equipped to assist consumers to make informed decisions to improve their financial standing.
Image credit: Borrowell