The Mogo Blog

How maxing out your credit card affects your credit score

...even if you pay it off every monthIn case you (still) don’t know what a credit score is, let’s set the stage: a credit score is one of the main indicators of your financial health. It’s what lenders use to 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. And lenders aren't the only ones checking credit; some landlords and employer

Watch the MogoTeam describe the new account experience

We’ve been working hard to create a seamless, interactive MogoAccount experience with each of our products displayed in an intuitive dashboard — accessible from anywhere.If you’re brand new to Mogo, creating an account is faster, easier, and just downright better. You can create an account in just 3 minutes and have access to your free credit score, and everything else the MogoAccount has to offer. On top of all that, the new MogoApp for iOS is here! It’s already one of the most popular finance

Hot off the press

Our Financial Fitness Coach and Credit Score Expert, Chantel Chapman, shared her best budgeting tips with the Globe and Mail in their Gen Y Money segment. Watch below to get schooled on everything from why your credit score is important to setting a daily budget. ▶3 ways to cure your summer binge spending💳 💸 -------------------------------------------------------------------------------- ![](/content/images/2016/09/mogo_globe-and-mail_gen-y_img-1.jpg) [http://www.theglobeandmail.com/report-o

Introducing the new MogoAccount dashboard and the new Mogo iOS app

If you’ve logged into your MogoAccount recently, you’ve probably noticed a few changes—actually a lot of changes. We wanted to make your account experience as intuitive, intelligent, functional, and enjoyable as possible. Our Product and Design teams worked tirelessly over the past year to create a seamless, interactive experience. We took your feedback as well, so we could build the best possible Dashboard for your financial needs. Okay, and we also wanted it to look super cool. The New MogoA

What’s an Equifax credit score? Do I only have one credit score?

We’ve partnered with Equifax* to offer the first free credit score with free monthly monitoring in Canada. Equifax is the largest credit bureau in Canada and is the bureau most used by lenders when making decisions on your credit-worthiness. You can have multiple credit scores. If you’ve checked your credit score with the Equifax consumer website (or somewhere else), you might notice a difference in the score you got vs. your Mogo credit score.Here’s why: ![](/content/images/2016/09/mogo_credit