The Mogo Blog

Finance lingo explained: what does “full spectrum” mean?

You may have heard the term “full spectrum” before—or not, because no other financial brand in Canada is currently full spectrum other than us. The idea of being full spectrum is essentially about offering a range of products of services for customers with different needs. In financial services, this may mean having different types of savings accounts for people with different savings goals—or, maybe a range of interest rates for people from a wide range of credit backgrounds. Take Uber, for e

The race is on: Mogo x Honda Indy Party

If you’re in the Toronto area and you’ve got the need for speed, Mogo has your ticket to the Toronto Honda Indy Party. Sponsored by Maxim, this party is where you can dance to Majid Jordan (only one of the biggest R&B acts from TO, NBD), meet the race’s drivers and 500 Maxim girls and have some fun with the Mogo claw machine, featuring sweet prizes like cash and Mogo swag.And yes, there will be a Mogo VIP area. Of course. Our Mogo team will greet you and make sure you have a ton of fun! ![](/co

Meet Mary Young - one of our financial models (pun intended)

A local success story from Ontario, Mary Young, CEO & Designer at MARY YOUNG, [http://maryyoung.ca/] is making a statement with her lifestyle and lingerie line. After starring in our latest ad campaign (Finances with benefits, y’all), Mary sat down with us to answer a few questions on her #girlboss style. So… what’s your company all about?Mary: My company is a women’s lifestyle lingerie and loungewear clothing line that focuses on encouraging women to embrace their natural shape to feel comfort

Mogo presents…Pop-up Picnic in the Park

Calling all bruhs and baes! Thursday, July 7th you and your squad are invited to enter to win tickets to the launch party of the MogoLounge, based in the heart of the Six. The Lounge will be the home of future Adulting 101 events, Pop Up shops featuring cool collabs like our last pop up with Amber Rose [https://blog.mogo.ca/amber-rose-muva/] all inside a chillin’ spot where you can lay low and chat finance with some of our financial stylists and guap gurus. ![](/content/images/2016/06/mogo_Mogo

“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