The Mogo Blog

Everything that’s wrong with banking

How do you feel about banks and the way you get a loan with them? We’ve gathered a few ideas from our own experiences… and used them to do the exact opposite with Mogo. Here are a few of them. Anything you feel is missing? [https://www.youtube.com/watch?v=prso5DaXRuE]Bank branches just aren’t that… pleasant to be in. Nor do banks host fun events like Adulting 101. [https://www.youtube.com/watch?v=prso5DaXRuE] What’s Adulting 101? Oh it’s just a workshop where you learn about wine and finance wh

Holiday debt: your spending wake-up call

Getting a little overwhelmed over all the things you have to buy over the holidays? Didn’t remember to save ahead of time for those presents? Well, good news(ish), you’re not the only one. In fact, many Canadians might be in even deeper debt than you… but that doesn’t mean you should finance your holidays—here’s your holiday spending wake-up call: Debtcember by the numbers ![](/content/images/2015/12/mogo_holiday_wakeup_img1-3.jpg)Whether this sounds like a large amount or not, if you’re just m

NSF fees (aka. the not so fun, non-sufficient funds fee)

When you write a cheque and there’s not enough money in your account to cash it, your bank charges you for having Non-Sufficient Funds. One NSF cheque can easily cost you $90 in fees. and potentially set up a chain reaction that causes multiple cheques and payments to bounce, resulting in hundreds of dollars in fees. How? Keep reading... What is the real cost of NSF fees? ![](/content/images/2015/12/mogo_nsf_img1.jpg)Meet Dan — He’ll show you how much NSF fees suck Dan’s* doing pretty well. He’

How much are you really paying for overdraft fees?

Basically, it’s borrowed funds to cover you when you don’t have enough money in your bank account. When your bank sells you the overdraft option on your bank account, they probably won’t go into detail about how much it actually costs every month. A few bucks here and there—no biggie, right? Well think about it this way: if you didn’t have to pay those overdraft fees, you could probably save enough to not feel guilty about Happy Hour on Friday. Meet Lindsey & Tod ![](/content/images/2015/11/mog

Check your rate without affecting your credit score. Yes. Seriously.

We’ve been keeping this top-secret for a while now while we’ve been hammering out the details, but it’s time to let the cat out of the bag. ![](/content/images/2015/10/check_your_rate_1.jpg)Many people are afraid to check their rates and explore their options because they think it’ll affect their credit scores (and it definitely can, especially if you do it often). Not anymore, now that we’ve made it possible to see what rate you qualify for at Mogo... literally risk-free. ![](/content/images/