The idea behind Level Up is that we want to reward you with something tangible (read: actually useful) for being on top of your payments. We prefer the carrot rather than the stick, if you know what we mean.
Here’s what Level Up* means for each of our loans (Level Up offers are not currently available on any loans offered and funded by Partner Lenders):
If you have a MogoMini Line of Credit:
Make all your payments on time and in as little as 3 months, you could be eligible for an increase on your MogoMini line of credit credit limit and get Levelled Up!
*Level Up offers are not currently available on any loans offered and funded by Partner Lenders. Level Up offers are pre-approval offers that may offer you the opportunity to increase your line of credit credit limit, or “top up” your line of credit amount. Level Up offers are based on information that indicates you could meet our underwriting requirements for the product offered and is conditional on your satisfactory on-time payment history and a stable credit profile determined at Mogo’s sole discretion. Your credit profile may include, but is not limited to, your credit score and external debt outstanding at the time of the Level Up review. Your current product must be paid in full to take advantage of new Level Up offer. Level Up offers are pre-approvals subject to Mogo's pre-approval terms and conditions. Underwriting requirements must be met to move forward with any Level Up offer which may include but is not limited to income verification and validation of MogoAccount information. Further documentation may be requested from you. Level Up offers are not guaranteed and Mogo reserves the right to make changes to the terms and conditions of the Level Up program at any time without notice to you.