Demystifying Credit Scores: Why Does it Matter?

Episode 5: Interview with Andrew Graham, Co-Founder and CEO of Borrowell

Description: Know nothing about credit scores and why it impacts your life? Is a perfect credit score even possible? Is it better to pay your card off all at once or to pay after each transaction? Prakash and Ajay interview Andrew Graham, CEO of Borrowell, to learn all you need to know about credit scores.

Recorded: May 31st, 2019.

Location: Borrowell Headquarters.

Timestamps:

  • Intro: 0:00

  • Bio: 2:49

  • What is Borrowell?: 4:25

  • How did the idea for Borrowell come about?: 5:47

  • Why are credit scores important?: 8:35

  • Is a perfect credit score possible?: 10:00

  • Why are credit scores so mystifying to people?: 11:15

  • Why can one person have different credit scores?: 13:02

  • Are credit scores accurate?: 15:17

  • How should I use my credit card and other credit solutions?: 20:12

  • What are some rules to follow in order to keep your credit score high?: 22:49

  • Should I pay off my credit card every time I use it or pay it in full when it's due?: 24:09

  • How do I fix my credit score if it is bad?: 24:55

  • What makes Borrowell stand out from its competitors?: 26:25

  • What is the future of Borrowell?: 34:29

  • Outro: 38:49

Andrew Graham headshot.png

Andrew Graham

-CEO of Borrowell

Twitter: @borrowell

Instagram: @myborrowell

Andrew Graham is co-founder and CEO of Borrowell, one of Canada's largest financial technology companies. Borrowell helps consumers make great decisions about credit and was the first company in Canada to offer credit scores for free; today, it has more than a million members. Borrowell has won numerous awards, including being named one of the top 100 fintech companies in the world by KPMG.

Andrew holds an MBA from Harvard Business School and an MA in economics from the University of Edinburgh. He is a two-time Ontario finalist for EY's Entrepreneur of the Year award and has served on the boards of a number of Canadian non-profits.

Additional Information and References: