Credit score tip of the week: Don’t miss payments

Let me tell you a tale… quite possibly a familiar one in your own life. So, Topshop has their annual sale on, which of course I have to hit up. I spot the highly coveted Olivia Palermo bomber jacket which of course just happens to be the last one left and is in my size. I head to the register, bomber in hand, ready to take home my fashion find. As I reach for my wallet, the salesperson tells me I’ll get 15% off if I sign up for the store credit card and use it today. I’m all like, sweet I’ll take it. I charge the $141.33 to my new store credit card, and head off into the sunset. The next day (being the responsible adult that I am) I transfer $140.00 from my bank account onto the store credit card. I’ve got it covered right? A few weeks later, I get a statement in the mail from the store, which I immediately throw in the trash without even opening it. In my mind, I’ve taken care of it. Next month, the same thing happens. Repeat step 1: straight into the trash.

Big News - Introducing Canada’s first free credit score with free monthly updates

We’re super excited to announce the launch of our new MogoAccount and iOS app which include Canada's first free credit score with free monthly updates. We’ve been giving you free Equifax credit score since way back when, and now we’re the first company in Canada to offer a free updated credit score every month - from the convenience of your laptop/smartphone. Cool or what?? You can open a MogoAccount in just three minutes, and you get instant access to your free Equifax credit score, plus access to an instant no obligation loan pre-approval and our MogoCard (now in beta). Like many other industries, banking is facing digital disruption as consumers, led by millennials, look for convenient digital access to products that make it easier for them to manage and control their financial lives. Unlike a typical experience opening a bank account, with the MogoAccount there’s no need to visit a branch and then wait days for the account to open—this all happens practically instantly. And, you don’t need to switch banks. The MogoAccount is designed to work alongside your current bank account, giving you added value and utility that your bank or credit

We asked Toronto’s top chefs how to be an adult

Last week we wrapped our Mogo x Underground Chef Co. Speaker Series, and streamed it live on our Facebook page from the #MogoLounge. If you missed it, don’t worry, you can check out the videos here. We had the best chefs in The Six under our roof (did we beat Drake to it??), and besides revelling in their entrepreneurial greatness, we also got the inside scoop on their upcoming projects—and how they hustled to where they are today. Although most of them don’t consider themselves grownups yet (or ever?), they shared some gems in response to Chantel’s signature question: “What’s your #1 Adulting tip?” Sign up to get exclusive invites and info on upcoming Mogo Events. #MogoPerks SIGN UP NOW

Adulting 101: Korean Skincare Edition Vancouver

Yes, we’re still talking about washing your face and being an adult. Our Adulting 101: Korean Skincare Edition event went down on August 4th in Toronto at the #MogoLounge and it was off the hook. We couldn’t have our West Coasters missing out on the K-beauty craze, so we’re bringing the event to Vancouver. Image by Racinneca If you have no idea what we’re talking about, here’s a recap: We’re combining our notorious Adulting 101 class with the latest and greatest in K-beauty, for an evening you don’t want to miss. Our very own Financial Fitness Coach, Chantel Chapman, will be schooling you on how to whip your finances into shape with info on credit score, budgeting, and other important adult things (all in our signature game-show style obvi). And, nothing says being a grownup like washing your face before bed in spite of how many vodka sodas you’ve had. Like paying your credit card on time, living within a budget, and not spending your entire paycheck on kombucha - a good skincare routine is part of adulting. We’ll have Esme Smith (K-Beauty Advisor and Director of Operations at People Footwear)

#AskAnAdult: What’s your day rate?

How much money do you need to survive a day? Not sure? Financial Fitness Coach, Chantel Chapman, has some tips and tricks to help you budget your money. This week on the Kastor & Pollux blog, the adulting question comes from Alyssa Lau, owner of super cool minimalist fashion-line, New Classics Studio. She asks: "Hey Chantel! Staying on budget is tough, especially when there is so much good food to buy. What are your favorite tips when it comes to budgeting? Do you use any phone apps or tools to help?" Hey Alyssa! First.. I feeeel you girl. My guiltiest spend is on food. I buy ALL the food. Smaller cost items are usually the ones that get you. Often, you don’t put much thought into them on an individual level, but food steadily shrinks your bank account while your ass grows. Another one that gets me is app purchases and subscriptions. For example, when people subscribe for things like music streaming apps, on-time payments are automatically set up. For that reason they can be suuuper easy to lose track of! I like to limit myself to 2 apps that I absolutely need and 2 apps that I really

Mogo x Underground Chef Co. Speaker Series

▶  Calling all foodies 🍺 🌮 🍷 We’re bringing you an exclusive behind-the-scenes encounter with some of the hottest chefs, food bloggers, and restaurant industry influencers in the country. From August 8th to 12th, our Mogo x Underground Chef Co. Speaker Series will be coming at ya live from the MogoLounge. In partnership with Openly Talks, we’ll be streaming interviews with the best-of-the-best in Toronto’s culinary scene. Get ready for a raw, uncut experience with the baddest in the biz. Openly Talks and The Underground Chef Co. are both huge connectors in the industry. From hosting chef battles with to-be-discovered chefs in Toronto, Montreal and Ottawa, to creating fresh, real content - they both bring together and showcase influential leaders and entrepreneurs. We love that their platforms are fueling the community in a meaningful and connected way. Curl up in your office chair over your lunch break, and watch as renowned Chefs like Joe Friday whip up signature creations while answering questions from Gastroposters, YouTubers, and other influencers. Financial Fitness Coach, Chantel Chapman, will be grilling (pun intended) them on their best Adulting tips in her always-entertaining style. ▶  Hosts 🍳 📚 💰  Chef Mike Ward

The difference between a Mogo pre-approval and approval

It’s FAQ time again. Here’s another question that we (and probably a lot of lenders) get often about our loan approvals: What’s the difference between a pre-approval and an approval? But before we answer this question, here’s a quick rundown of what it’s like to apply for a loan at Mogo. How it works at Mogo Once you’ve signed up for a MogoAccount, you’ll automatically get a pre-approval decision from us that gives you a loan amount and rate. If you like this offer, you can take this offer by filling out a few more details quickly and confirming you want the loan. At that point, we’ll take a closer look at the information you’ve provided and give you an official loan offer. Oh and if you don’t need a loan, no sweat—you don’t need to take it. Okay cool. Now let’s get into how a pre-approval is different from an approval. The loan pre-approval process When you’re looking to get a loan, you usually get pre-approved first. Even if you’re not looking for a loan, you might get offers online or in the mail

#MogoLife interview: Meet Melissa Bolduc – fashion designer for every body

Ladyboss and Canadian clothing designer Melissa Bolduc is the brains behind Melow, her ‘accessible and comfortable’ fashion line based out of Montreal. We sat down with the inspiring entrepreneur to find out more about what inspires her, what keeps her hustlin’, and what Adulting advice she has for all of us. Melissa Bolduc – Ladyboss and designer at Melow So...what’s your company all about? Melissa: At Melow, we are all about feeling good in your clothes no matter your size, shape or age. Our clothes are designed to adjust to any body shape, and to ensure this, we always do two fittings: one on a small-fit model and one on a larger-fit model. By doing this, we know our clothes will fit seamlessly on all body shapes. What made you decide to be an entrepreneur instead of joining another fashion brand? Melissa: I have always been an entrepreneur in some way. I used to sell flowers and raspberries on the side of our cottage road as a kid. When I was teenager, I began making jewelry and dream catchers that I sold at festivals and in various stores. At 20, I started making figure skating dresses that I would

Pokénom - Calii Love Pop Up at the MogoLounge

If you haven’t had a poké (POH-keh) bowl yet, we feel bad for you. So bad, in fact, that from August 8th to 18th (from 12-7 pm Monday to Friday) we’re bringing the island-inspired healthy-ish comfort food to you at the MogoLounge. Our friends at Calii Love will be serving up their addictive bowls exclusively (as in, the only place in TO to get your hands on ‘em) at the lounge, so be sure to drop in and get yours. These bowls are getting seriously famous; they blew up on UberEATS, selling out faster than you can say T.Swift rebound, and let’s not forget that time Amber Rose raved about ‘em on her Insta. The bowls—made up of fresh fish, rice, ridiculously yummy sauce, and all kinds-o-garnishes—will be selling at a fat discount of 50% off for MogoMembers. Image by Calii Love, created by infamous Chef Joe Friday (co-founder of the Underground Chef Co. and new pizzeria ViaVai), puts a Cali-inspired twist on the Hawaiian staple, and they’re set to open their very own storefront in Toronto this summer. Chef Joe, who was born in North Carolina, raised in Okinawa, Japan,