Get out of predatory loan debt, and into financial stability.
Exodus Lending works with Minnesotans to advance economic justice through consumer lending, community organizing, and advocacy.
Exodus Lending Stops the Predatory Loan Cycle
Learn how our predatory loan refinancing program works and see if it could be the right fit for you.
Our Program
We get Minnesotans out of predatory loan debt (payday, pawn, auto title, and online installment loans, etc.) and back on track financially by enrolling and supporting them in a 0% interest refinance program, lending up to $2,500 to qualified participants.
A Solution to End the Payday Lending Cycle in Minnesota
When a payday store opened nearby a church in South Minneapolis in 2011, the congregation took notice. They decided to take a stand with their fellow community members facing economic crisis. Exodus Financial Services, known as Exodus Lending, was founded as a first-of-its-kind nonprofit to solve the payday loan problem.
The Payday Loan Problem
Payday lending’s predatory and toxic impact on our communities can be equated to a modern form of slavery. According to research, the average family in payday debt is trapped in revolving payday debt for at least 5 months out of the year. This cycle hinders individual financial well-being as well as deters them from pursuing any financial future outside of paying off debt.
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Monthly APR = 310% On average, our borrowers come to us paying approximately 310% APR on their predatory payday loan. After enrolling with Exodus Lending that drops to 0% APR.
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1 in 20 Americans According to a 2012 Pew survey, millions of Americans had payday loan debt.
We Listen
We Refinance
We Support
Our Success
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$2,015,193 participant dollars saved
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$636,907 in loans refinanced
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392 program graduates
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I’ve had paychecks where I wasn’t in the hole already. It’s quite enlightening. It’s giving me hope and has just lifted a great deal off of my shoulders.
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We are glad to pay back the loan in order to allow Exodus Lending to offer a loan to someone else who needs one.
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I smile a little more. I’m a little bit happier. I walk with a lighter step. I hold my head up a little higher. Everyday is a brighter day.
Where We've Worked
Predatory lending is a problem across the state of Minnesota.
Every blue pin on this map is marking a zip code that Exodus Lending has worked in.
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.
You Can Help
Be a part of changing someone’s life. Every volunteer and financial donation empowers the community to achieve financial freedom.
Get Help
Every day, we’re empowering Minnesotans to break their payday loan debt cycle for good. If you, or someone you know has payday loan debt, and meets our program requirements, we can help.