Soft vs Hard Credit Checks
When you inquire about your own credit history, for example, that's a soft inquiry. When you use Mogo's monthly credit score monitoring and Mogo checks your credit score (free when you sign up for a free MogoCard!), that's also a soft inquiry.
Does the Mogo card affect credit score?
While the Mogocard doesn't affect your credit score, by using a prepaid card you can stop the vicious cycle of credit cards that just rack up debt. The MogoCard is designed to help you keep an eye on your spending so you can effortlessly build your savings.
What credit bureau does Mogo use?
The score that you'll see in the Mogo app is from Equifax, the largest credit bureau in Canada.
