MogoMoney update: an even smoother app experience

Another day, another update. We’re excited to share some important improvements made to the MogoLiquid experience for all pre-approved customers. With every product update we make, there’s really only one big question we focus on: does this create a faster, easier, and more seamless experience for our customers? We’re always aiming to answer this question and it’s what you should expect with any further updates down the road. But for now, let’s get into what’s included in the upcoming enhancements made to MogoLiquid: Improved in-app loan customization We’ve made it a lot easier for MogoLiquid customers to provide their information and customize their loan amount. Now a fully in-app experience, users can pick the exact amount they want, pick the date of their first payment, and more. Clear status updates Users will instantly receive a push notification, email, and in-app status change at each stage of loan progress. No need to wonder what’s going on with your application or whether your latest status is fully up-to-date. Faster application processing We’ve improved clarity, efficiency, and flow of our online application for members, so now it should only take minutes to complete — meaning

MogoMoney update: on-time payments now help work towards improving your credit

With our mission to empower our members to reach their financial best, we believe those who borrow responsibly should get rewarded. Starting this month, we’ll be reporting MogoLiquid loan payment history to Equifax, one of the two credit bureaus in Canada. That means if you have a MogoLiquid loan and you are making on-time payments, you could see improvement to your credit score. But if you’re missing payments, those little slips can hurt your credit. It’s all about staying responsible with your finances. This update may help our users improve their financial health even when borrowing — which is especially important for those new to Canada or new to credit in general. Paying back your MogoLiquid loan on time will now help build out what might otherwise be considered a thin credit file. With improved credit, you have proof that you’re someone who can manage credit responsibly, which may help you receive better financial treatment down the road, whether you’re trying to get a mortgage, car finance options, even renting a new place. If you currently have a MogoLiquid loan, going forward there’s nothing you need to do to have your payment history shared with

3 ways to improve credit score

Your credit score affects you more than you think — especially when it's time to get approved on exciting life milestones, like buying a car or home. Lenders look at your score to determine your creditworthiness, or how good you are at handling your financial obligations. It’s how they determine how big a mortgage or loan (or how high a credit card limit) to offer you and at what interest rate. Having a low score could result in getting approved at higher interest rates — or even being declined. Many landlords look at your score when considering renting to you, and some employers are even requesting info on your credit score before making you a job offer. A few different factors make up your score, with payment history, utilization ratio, and length of credit topping the list, followed by types of credit and inquiries. Whether your score is stellar or needs some TLC, there are some easy ways to improve it and ultimately rule it. Here are 3 ways to get you started: Nail your utilization ratio Your utilization ratio is how much of your available credit you’re using, or your level of indebtedness. For example, if your credit card

Congratulations to our fourth (and final) bitcoin contest winner!

Congratulations to Rob R. from Maple Ridge, BC for claiming our fourth and final bitcoin prize valued at $9128.56 at the time of draw! A huge thank you to everyone who participated in our bitcoin contest. To those of you who didn’t win, don’t despair. Our bitcoin contest may now be over, but MogoCrypto has just begun. Your MogoCrypto invite is on its way We’ve officially started rolling out MogoCrypto invites! As a MogoMember, you’re already on the list to receive an invite (and if you’re not, you should sign up like right now). You'll receive an email and/or push notification once MogoCrypto becomes available to you1. Excited for your invite? You can use MogoCrypto to monitor bitcoin prices while you wait by logging in to your MogoAccount. MogoCrypto makes owning bitcoin simple So you may not have won a bitcoin, but that doesn’t mean you can’t still own some. We designed MogoCrypto to make buying and selling bitcoin as easy as possible. It only takes about 3 minutes to sign up and as little as 30 minutes2 to fund your account, at which point you can get started buying right

MogoCrypto is here (and what it's all about)

It’s official! We’re currently rolling out invites to MogoCrypto, an easy way to buy and sell bitcoin in Canada. Be sure to sign up for a free MogoAccount to get on our invite list for MogoCrypto. For the average Canadian, owning bitcoin can be complicated, frustrating, and costly. You have to deal with companies that may not be around tomorrow. It can be difficult to sell your cryptocurrency holdings and withdraw Canadian dollars — your money takes too long to show up in your bank account, and sometimes you just can’t withdraw your money (which means your money is stuck there). As a publicly traded company trusted by over 500,000 members, we saw an opportunity to bring a new level of convenience and accessibility to bitcoin ownership for Canadians. With MogoCrypto, our aim is to build a new way for Canadians to buy and sell cryptocurrency — one that’s simple to use, offers fast and free funding and withdrawals, and is designed for everyone. How it works Getting started with MogoCrypto is quick and simple. Sign up for a free MogoAccount in 3 minutes. You can get verified right away, add your Canadian bank account to MogoCrypto,