E-newsletters

October 2019 Update

Imagine This: You’ve just entered a haunted house unlike any you’ve experienced before. The moment you open the door – and feel it quickly slam behind you, trapping you inside – it hits you: this was a mistake. You’re suddenly stuck and are unsure how to navigate this maze ahead of you. It’s sickening and overwhelming, frankly, to feel so hopeless and Read more October 2019 Update

Medical Expenses

For far too many people, receiving medical care leads to a financial nightmare↗ (opens in a new tab). Medical debt is a pervasive challenge for families in the United States, and our current healthcare system is inaccessible and unaffordable for thousands of low-income earners↗ (opens in a new tab).  Yes, this crisis is daunting, but there are Read more Medical Expenses

September 2019 Update

Andrea’s Story In our four years of lending, Exodus Lending has helped more than 350 Minnesotans like Andrea break free from predatory debt through our interest-free refinancing program. That’s more than 350 individual tales of economic triumph over immoral, debilitating debt. We’re honored and proud to do this desperately needed work every day. While often difficult, tackling predatory debt Read more September 2019 Update

Annual Report 2018

Exodus Lending’s full Annual Report can be downloaded near the bottom of this page or by following this hyperlink: Annual Report from 2018. Annual Report 2018 by Anika Riewe on Scribd

Student Loans

If you have student loan debt, you probably also have a lot of questions. Here are some common concerns, as well as answers and additional resources to help you navigate your student loans. What types of loans do I have?  You need to know if you have federal or private loans (or both), and what Read more Student Loans

August 2019 Update

We’re Credit Reporters! Earlier this year, Exodus Lending became a member of the Credit Builders Alliance↗ (opens in a new tab) (CBA). And next month, we will begin reporting our participants’ payments to the three major credit bureaus! With improved credit, our participants will likely have better access to affordable financing options and a reduced risk of using high-interest, Read more August 2019 Update

Understanding Interest and Fees

Interest and fees, in their simplest terms, are the cost of using somebody else’s money. Thus, the borrower will repay more (within reason) than they originally borrowed.  Interest The interest rate is the cost of borrowing the principal amount. An annual percentage rate (APR) is the interest rate plus additional charges and fees. Thus, the Read more Understanding Interest and Fees

July 2019 Update

There is still time! We are TWO weeks away from our big fundraiser! Join us in celebration on July 16th, from 5:30 to 8:00 pm at PAIKKA. Single admission tickets are $25. Group rate tickets for parties of two or more are $20 per ticket. Limited tickets will be available at the door for $30 each. Ticket price includes admission, food Read more July 2019 Update

Navigating Financial Setbacks

Life is full of unexpected changes, hurdles, and setbacks. Fortunately, with a little foresight, discipline, and determination, you can weather the storm. Here’s how: Acceptance and Acknowledgement Before you panic and rush to hastily-made decisions, take a moment to think intentionally about your situation. Reflect on the following questions so you can learn from what Read more Navigating Financial Setbacks

June 2019 Update

Join us for our Summer Fundraiser! Play games, experience community, and participate in a lively conversation about the dangers of predatory lending at Exodus Lending’s annual summer fundraiser on July 16th, from 5:30 to 8:00 pm at PAIKKA in St. Paul. Our executive director, Sara Nelson-Pallmeyer, will use YOUR questions to guide a community dialogue featuring Minnesota Attorney Read more June 2019 Update