The Mogo Blog

Paying off debt with a loan: when it's a good idea

Borrowing money to pay off debt the smart wayCredit card debt is one of the worst kinds of debt there is. And the dealbreaker isn’t even the interest rate. It’s the length of the loan and the type of product; if it’s credit card debt or revolving debt that you can pay off and re-borrow endlessly, run in the opposite direction. For example:You've got a 19.99% credit card that’s been sitting there with $2,500 of debt for the last 4 years. Sure you make your minimum payment—sometimes a larger one

#FindTheBride: Finance, Romance and a V-Day Wedding

If you were milling around downtown Vancouver on Valentine’s Day, you might have noticed a bride (or three) running frantically through the streets—with the groom in tow. We’d just done this survey on dating and finances, [https://blog.mogo.ca/how-to-date-with-bad-credit/#.VsIocZMrLXQ] which gave us some eye-opening insights on finance and romance. SO, we got to thinking about something we could do to raise awareness about it. In a cool way, of course. Enter #FindTheBride: Bride leaves groom at

Fintech’s taking over the world

We’re constantly amazed and impressed by the many FinTech startups that are popping up around the world and offering solutions that make managing/investing/saving/spending/borrowing money less painful. (Which shouldn't be a surprise, considering 43.4% of people who use FinTech do so because of how easy it is to set up an account [http://www.ey.com/GL/en/Industries/Financial-Services/ey-fintech-adoption-index] ). So, we decided to feature some innovative companies that are on our radar—and are do

Ontario first time home buyer benefits

-------------------------------------------------------------------------------- In another province?For BC click here. [https://blog.mogo.ca/first-time-home-buyer-bc/#.WKSvchIrLUI]| For Alberta click here. [https://blog.mogo.ca/first-time-home-buyer-ab/#] -------------------------------------------------------------------------------- So, you’re buying your first home. Super exciting stuff. As a first time home buyer, there are a lot of exciting steps you’ll be taking – and we’ll be here t

Alberta first time home buyer benefits

-------------------------------------------------------------------------------- In another province?For BC click here. [https://blog.mogo.ca/first-time-home-buyer-bc/#.WKSvchIrLUI]| For Ontario click here. [https://blog.mogo.ca/first-time-home-buyer-ont/#.WKSxGxIrLUI] -------------------------------------------------------------------------------- So, you’re buying your first home. Super exciting stuff. As a first time home buyer, there are a lot of exciting steps you’ll be taking – and we