6 in 10 Canadians live payday to payday

Mogo's mission to save Canadians over $1 billion in high payday loan fees has been supported by a new Canadian Payroll Association poll that shows 6 in 10 Canadians live payday to payday. Mogo's online Zip Money loan is Canada's first payday loan alternative that can save consumers up to 50% compared to most Canadian payday loans.

Tavia Grant of the Globe and Mail wrote this morning, "The recession may be officially over, but six in 10 Canadians are still surviving from paycheque to paycheque, a national survey showed Monday. Fifty-nine per cent of Canadian workers say they would be in financial trouble if their paycheque was delayed by just a week - the same proportion as last year when the economy was still mired in a downturn, according to a poll of 2,766 people by the Canadian Payroll Association."

Unlike traditional payday loans Mogo's Zip Money loan product allows you to borrow money for up 30 days by the next business day. Also, Mogo offers a quick and easy online lending platform custom built to meet the needs of the Canadian consumer. Mogo's Online Community Manager, Philipp Postrehovsky said, "We want Canadians to know that when they need a small loan with short terms they have a real alternative to Money Mart, Cash Store and Cash Money. We're committed to stoping the pain of overspending with easy amounts to pay back and providing an awesome online customer experience."

About Mogo Financial

Mogo is Canada's #1 short term lender. Mogo aims to become the of money lending through better service, no hassles, the lowest price and no hidden fees. As the friendliest loan in town, Mogo is revolutionizing financial services in Canada by offering consumers convenient access to small loans, short terms and easy amounts to pay back. Additional information may be found at: Questions may be addressed to Macully Clayton at 604-659-4383 or