Newsletters
November 2019 Update
It’s Give to the Max time in Minnesota! Starting NOW through the end of the day on Thursday, November 14th, we have a goal to raise $3,000 plus another $3,000 in matching funds to bring us to $6,000 in total. With $6,000, we can help 6 participants through our interest-free refinancing program. For more than 370 Minnesotans, our interest-free refinancing program is a gamechanger. People like Read more November 2019 Update
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
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
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
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
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
May 2019 Update
Share Your Thoughts with Your Legislators! Now is the time to contact the leaders from the Minnesota House and Senate to let them know your views on legislation to limit payday loan interest rates! Legislation has passed in the Minnesota House of Representatives to cap interest rates on payday loans to 36%. This provision is Read more May 2019 Update
April 2019 Update
It’s Our 4th Birthday! In April 2015, Exodus Lending launched our interest-free loan refinancing program and enrolled our first participant. Four years and over 270 participants later, we’ve refinanced more than $217,000 of payday loan debt for Minnesotans and saved them more than an estimated $669,000! That’s money that stays in our communities to pay Read more April 2019 Update
March 2019 Update
Here’s how you can help stop the debt trap. House File 1501, a bi-partisan bill introduced in the Minnesota House this year, would put an interest rate cap of 36% on payday loans issued in Minnesota. This bill passed the House Commerce Committee and is awaiting a later vote by the full House. In order for Read more March 2019 Update