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 union aren’t offering.
It’s totally free to open a MogoAccount, and you’ll get instant access to our three products with no impact on your credit score:
3. An instant pre-approval on a personal loan up to $35,000** for those who need credit.
As part of the account experience, we’ve partnered with Equifax® Canada, Canada’s largest credit bureau and provider of data and insights.
With more than 225,000 members, we’re excited to be the leader in building a new digital challenger brand to the banks, and to launch more digital financial products before the end of 2016.
Not a member yet? don't risk the FOMO. Sign up now.
**MogoZip Short Term Loan: Ontario maximum allowable cost per $100 borrowed is $21. Our cost per $100 borrowed is $10.50 for 14 days (paid in full), $21 for 14 days or $21 for 30 days. Example: For a $300 loan for 14 days the total cost of borrowing is $31.50 or $63 or for a $300 loan for 30 days the total cost of borrowing is $63. Mogo Financial Inc. dba Mogo.
*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.
© 2016 Mogo Finance Technology Inc. All rights reserved. Mogo and the Mogo designs are trademarks of Mogo Finance Technology Inc., used under license. Visa® is a registered trademark of Visa Int. Service Association and used under license. Mogo Platinum Prepaid Visa® Cards are owned and issued by Home Trust Company, a TM licensee of Visa Int. and subject to Terms and Conditions. Your MogoCard balance is not insured by the Canada Deposit Insurance Corporation. The MogoCard is only available to MogoAccount holders that have passed identity verification. BC: Mogo Financial Inc. Licence 50022 / Alberta: Mogo Financial Inc. and Mogo Financial (Alberta) Inc., Licence 326985 / Ontario: Mogo Financial Inc. dba Mogo Licence 4716733. 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.