E-newsletters
March 2023 Update
Strategic Growth At this crucial time for our organization, our leadership team and Board of Directors are dreaming big to inform the strategic direction of Exodus Lending in the years ahead. In February, we held our annual all-day Board Retreat in partnership with Catch Your Dream Consulting and Compass Pro Bono Consulting to anchor our Read more March 2023 Update
February 2023 Update
Stop the Debt Trap Day on the Hill Good news, folks: lawmakers are considering a bill that will cap interest rates on payday loans at 36%. So let’s make 2023 the year we end the payday loan debt trap in Minnesota. Join us on February 28th for a “Stop the Debt Trap Day on the Read more February 2023 Update
January 2023 Update
It’s Time to Get Loud! We at Exodus Lending are celebrating a new year full of opportunities to practice equitable lending with our community partners and advocate for fair access to credit without predation. 2023 also offers us a real shot to make legislative change on the issue of payday lending. Due to the current Read more January 2023 Update
December 2022 Update
Thank You! We at Exodus Lending have much to be thankful for as we reflect on 2022 and plan for 2023. Firstly, we are thankful for YOU – our community of supporters who sustain and nourish us financially and spiritually to carry forward our mission. As we close 2022, we are also thankful that we… Read more December 2022 Update
Updating Contact Information
At the risk of stating the obvious, you should do your best to update your information whenever your information changes. Updating your contact information for your frequently used services helps ensure you don’t miss important payments, bills, notices, or reminders that directly impact your day-to-day life. Examples of when to update your contacts include when Read more Updating Contact Information
Home Maintenance and Repair
Owning a home is a source of pride for many – and it should be, given how much work goes into preparing for homeownership in the first place. But whether you’ve just moved in or have called your house a “home” for years, the work never ends. That’s why we’ve put together this overview of Read more Home Maintenance and Repair
November 2022 Update
Donate to Dismantle Debilitating Debt So far this year, we’ve refinanced loans with APRs as “low” as 78% and as high as 795%. While this range includes a mix of loan and lender types (from fully licensed to, um, let’s say, questionable legality), the common denominator is that they all harm our neighbors’ financial health Read more November 2022 Update
Family-Friendly Money Tools
What do you remember learning about money as a child? If you’re like most Americans polled earlier this year, you believe that financial conversations should start at home. However, polling also shows that it’s just… not happening. Maybe grown-ups don’t know where to start or feel awkward talking about our financial situation and our money Read more Family-Friendly Money Tools
October 2022 Update
Welcome, Minnesotans for Fair Lending! We are very excited to share that Exodus Lending has incorporated the Minnesotans for Fair Lending (MFL) into our organization. MFL is a non-partisan campaign and coalition dedicated to eradicating the predatory aspects of payday lending across Minnesota and nationally. For years, MFL has successfully used grassroots organizing to advance Read more October 2022 Update
September 2022 Update
Trends in Our Refinancing Program So far in 2022, our refinancing program has served 54 Minnesotans and paid off $61,371 of payday, auto title, installment, and pawn loans. That’s an average of $1,137 per enrollment – the highest yearly average in our program history! This spike is due to more borrowers struggling with title or Read more September 2022 Update