The Mogo Blog

“How does Mogo determine my rate?”

So you signed up for a MogoAccount [https://www.mogo.ca/signup] and checked your rate. It didn’t hurt your credit score, you got to see your credit score, and you’re now a MogoMember, so congrats! Now that you know your rate, you’re probably wondering “How did Mogo come up with that?” Just like how other lenders can’t give away their secret sauce (it would make it too easy for unscrupulous fraudsters to game the system), we can’t share every detail of our algorithms. Here’s what we can tell you

#FinancesWithBenefits Mashup

If you haven’t been reading the papers or the news online lately, we did something that we’re pretty sure no other company has done before: an ad campaign with a different ad almost every day. These ads featured people from the Mogo [https://www.mogo.ca/fresh] team and influencers / entrepreneurs / cool people from Vancouver and Toronto. Because 1. Our team is awesome and 2. We think it’s important to support Canadian creators and entrepreneurs. ![](/content/images/2016/06/mogo_ads-campaign_ind

A Letter from Dave

At our first AGM as a publicly traded company, we looked back on what Mogo has achieved this year and previewed the exciting new products that will be launching soon. But we thought you should hear it from our CEO himself. ![](/content/images/2016/06/Mogo_quote-1.jpg)Last week, we held our first annual general meeting as a public company, at our new offices in downtown Vancouver. Since we went public in June 2015, it’s become even more clear that the financial services industry is undergoing a

Amber Rose Collection Pop Up Shop at the MogoLounge

If you haven’t heard, Amber Rose will be in the 6ix to present at the MuchMusic Video Awards... But the MMVAs aren’t the only place you’ll be able to see her. That’s right, on June 18th from 4 to 7pm, Amber Rose will be doing a pop-up shop at the MogoLounge [https://www.google.ca/maps/place/Mogo+Lounge/@43.6460508,-79.4107983,17z/data=!3m1!4b1!4m5!3m4!1s0x882b34e3e23bdc81:0xbf3d6838c35278fc!8m2!3d43.6460508!4d-79.4086096] for the Amber Rose Collection. [http://amberrosecollection.com/] ![](/c

Does checking my credit hurt my score?

Ever wonder if just checking up on your credit hurts your credit score? Well, depends on if it’s a hard check or a soft check. So what’s the difference between the two? Short answer: one immediately affects your credit score and the other doesn’t. Long answer: keep reading. Getting a soft check doesn’t lower your credit score. When your employer does a background check on you, for example, this is a soft check. When you pay Equifax Canada $23.95 to check your own credit, this is also a soft c