The Mogo Blog

How to improve your credit score and why it matters

One of the awesome things about signing up for a MogoAccount is that you get your credit score for free (paid for by us, provided by Equifax Canada). Oh btw, if you want to get your score somewhere else, be prepared to pony up. Yep, we're basically paying you to get a MogoAccount. 56% of Canadians have never checked their score. [https://news.sys-con.com/node/3305132] Not good. If you're one of them, create your MogoAccount to find out yours now. Knowing your credit score could help you get acc

Check your credit score. Know your financial health.

That’s right. When you sign up for a MogoAccount, you’ll get to see if your credit score is hot or not—for free (paid for by Mogo, provided by Equifax). No risk, no stress. It’ll be the most financially responsible thing you do today. Or ever. #AdultingFTW It only takes three minutes. And doesn't impact your credit score. SIGN ME UP [https://www.mogo.ca/signup] -------------------------------------------------------------------------------- *paid for by us, provided by Equifax Canada

Win $7,522: The Ditch Your Debt Contest

The average Canadian who carries a credit card balance is about $7,522* in credit card debt. That could buy you a lot of coffee and Tidal [http://www.nme.com/news/kanye-west/92340] subscriptions. Many people who come to Mogo are using MogoLiquid to pay off credit card debt, and using MogoMini/MogoZip to get out of the payday loan cycle. And since our mission is to help you get out of debt and all... we decided to do a Ditch Your Debt contest where you can win this amount in cold hard cash and,

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

Dating someone with debt: my partner has bad credit, now what?

My friends always ask for my financial fitness advice and it's often around stuff like when they should talk about finances with their partner or how do they tell their spouse about the credit card debt that funded their shoes and booze-filled 20s.![](/content/images/2017/05/mogo_financialfitness_img-1.jpg) Here’s the thing... Your credit report is your financial report card and your credit score is your grade. Together, they show if you've got your life together. Let's say you're in a relations