The Mogo Blog

Check your financial health with free monthly credit score monitoring

The first step in being financially healthy is knowing your credit score. And, it’s as easy as a trip to the doc. 💊 💉🌡JK, it’s way easier. We’re the first company in Canada to offer free monthly credit score monitoring - with no impact to your score. If you’re not already signed up, you can create your MogoAccount is just 3 minutes. Seriously. Your credit score is basically your adult report card and it matters a lot. It comes into play when you’re applying for a mortgage, renting a house, and even when applying for certain jobs. Not to mention it can even affect your dating life. And you thought Tinder was a nightmare. 🔥 😏 Have you checked your updated score? Log in now to see how you stack up. Not a MogoMember? GET YOURS NOW

Re. Those ads

So we’ve just launched our new ad campaign; you might have seen it online and in the paper. We expected that it might be risky. When we decided that we wanted to make finances relatable to millennials, we knew a few moms and dads would cover their eyes. ![](/content/images/2016/03/Feb_scanadlousads_feedback.gif) The thing is, we’re not talking about sex just for the sake of talking about sex. We’re talking about it in a very specific way that plays on the taboo nature of the topic—because that’s also how people tend to approach conversations about their money... which does nothing for financial literacy rates. A PricewaterhouseCoopers report found that "compared with other Americans, the millennial generation—those born between the early 1980s and mid-1990s—has the “lowest level of financial literacy.” ![](/content/images/2016/03/mogo_sexycampaign_giphy-1.gif) We think $45 NSF fees and bank CEOs’ salaries are more offensive, tbh. Sure, talking about sex can be difficult. But that’s just like talking about finances. It’s not always easy to talk about debt and credit and managing your money. But like any other serious issue, sweeping it

How to travel on a budget: 8 tips for students

Thinking of taking a trip for Reading Week aka. Spring Break? Don’t plan to blow the last three months’ paycheques on it because you’re a responsible adult and stuff? (If so, we’ve taught you well, young Padawan.) Check out these 8 ways to save your wallet from unnecessary pain while you’re abroad. ![](/content/images/2016/02/mogo_boofortravel-2.jpg) 1. Book in advance. One of the most important things you can do to save money can actually be done way before you leave on your trip: book your stuff in advance! Accommodations and plane tickets (any tickets, really) are generally cheaper if you can buy them months before your trip, and if you plan to go to a tourist hotspot, you’ll probably want to get tickets to tourist sights before they sell out. ![](/content/images/2016/02/mogo_highonlifeco_tent.jpg) 2. Don’t stay in a hotel. Seriously. Stay in a B&B or hostel instead. You’ll save so much $$, meet more people, have better conversations, and definitely get a better feel for the local scene. If you’re antsy about staying at a hostel, it’s not that scary—there are so

Our MogoLiquid loan rates have dropped

{{excerpt Attention Mogo Members! We have some great news! Our MogoLiquid loan rates have dropped and the maximum loan amount has increased! As of this week, we now offer loans up to $35k and rates that start as low as 5.9%! } If you have outstanding credit card debt, pay it off with MogoLiquid! Check out the comparison below ![](/content/images/2015/05/comparison.gif) *Based on minimum payments as stated above, total interest paid for credit card is $47,940.89 and for MogoLiquid $1,141.54. Click here for data source. The winner is MogoLiquid! Check your rate in as little as 3 minutes without it impacting your credit score!

Don’t be a Jack…. Avoid Credit Card Aftershock.

Meet Jack- the overspender. Jack’s like a lot of us. He loves the convenience of his credit card but ends up overspending every month. He’s tried budgeting but can’t seem to stick to it. Like the average Canadian (who now finds themselves in over $27k in debt), Jack is suffering from the aftershock of overspending and too much debt. Jack is out spending money he doesn’t have and keeps thinking the reward points will more than make up for it. Whenever he wants something, he just charges it to his credit card and has no real idea of what he can afford. Every month he opens his credit card statement and is shocked to find out how much he owes. He tries getting in control by sticking to his debit card but that doesn’t seem to work. Get the best reloadable prepaid card With many designs to choose from, the MogoCard is a Prepaid Visa® Card that gives you the convenience of a credit card with the control of a debit card. But unlike a debit card, there’s no monthly fee and no risk of overdraft or NSF fees. You load it with your