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:

1. Your credit score changes every day and credit bureaus each have different credit score reports.

2. The credit score you get directly from Equifax (vs. the one we give you) uses a slightly different model for weighing different factors in your credit history and is primarily intended for educational uses.

3. The credit score we give you is a leading score used by a variety of lenders in various industries. That’s important because it’s the score that will help determine whether you get a loan - including when you apply for a mortgage.

Do you know your Mogo credit score? Get it now, with no impact to your score.

Already signed up? Learn more about your Mogo credit score


*Equifax® is a registered trademark of Equifax Canada Co. used here under license.  Free credit score is provided by Equifax and is only available to MogoAccount holders that have passed identity verification. The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties to assess your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties will take into consideration other information in addition to a credit score when evaluating your creditworthiness.

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