MogoProtect helps you protect yourself against identity fraud by monitoring your Equifax credit bureau for inquiries. MogoProtect is now available for free, as a feature of the MogoCard.
Credit inquiries are usually made by organizations like your bank, creditors, landlords, insurance providers, and cellphone companies to decide how creditworthy you are when you apply for a new account.
You’ll get a push notification on your mobile device and an email whenever a company makes a hard inquiry into your Equifax credit bureau, which happens when your name is submitted to open a new account or complete an application for credit.
You’ll be guided through the steps to take if you notice an unexpected inquiry into your credit bureau. When you submit a new application for a bank account, loan, rental or mortgage etc. in Canada, you have to consent to a credit check before it is actually done, so unexpected inquiries can be one of the earliest signs that your data’s been compromised. Instead of waiting until fraudsters do lots of damage with your personal information (like getting a loan or a mortgage, opening bank accounts and more), by keeping a close watch on your Equifax credit inquiries, you can stop fraudsters in their tracks.
Think about how hyperconnected we are in our digital world. Even if you don’t have any online activity, but simply have a credit history, your personal data is already out there and vulnerable. If your data is stolen by fraudsters, it can be used to get a loan or mortgage, open bank accounts and more.
To keep your MogoProtect free, check out our new help article - How to get credit score and identity fraud protection monitoring for FREE?
