News
Stories and news from Exodus Lending and the financial industry
Jyoti Gidwani
Jyoti Gidwani Joined the Board of Directors in 2021 I grew up in India and worked in microfinance sector for almost 10 years before moving to America in 2012. I have been working in commercial credit space for large clients over the past six years and the journey has been exciting to say the least. Read more Jyoti Gidwani
Ryan Smith
Ryan Smith Joined the Board of Directors in 2021 I’ve worked in Government Affairs for over 15 years, the last 9 on behalf of the Minnesota Credit Union Network. I’m an avid traveler, always on the lookout for new experiences and adventures. I read quite a bit and enjoy spending as much time as I Read more Ryan Smith
Opening a Credit Card
Credit cards seem essential for adult life, but the process of opening one can be confusing and intimidating. So this month, we’re making space to demystify the process of opening and maintaining a credit card. Credit Card Basics Before opening a credit card, be sure you fully understand how credit cards work. Credit cards are Read more Opening a Credit Card
February 2021 Update
Speaking Up to Stop The Spiral In Minnesota, licensed payday lenders can legally charge triple-digit annual interest rates. Based on our analysis of the most recent data from the Minnesota Department of Commerce, licensed lenders report an average APR of 215% in 2019. Exploitative licensed lenders, and worse still, illegal operations, have wreaked economic havoc Read more February 2021 Update
Blake’s Story
For Blake*, a lifetime in and out of prisons, hospitals, and other institutions was threaded together by a history of substance abuse. Blake recalled going to payday lenders and pawnshops when he “wanted a bottle, or a bag, or, maybe even just a sandwich. You just get in there, and you just show ’em that Read more Blake’s Story
Managing Finances in Multigenerational Households
In 2018, the Pew Research Center found that more than 1 in 10 American parents were “multigenerational caregivers” because they provide unpaid care for a child (or children) under 18 years old and an adult, such as a relative, friend, or neighbor. Often, this extended family lives together under the same roof, which presents unique Read more Managing Finances in Multigenerational Households
January 2021 Update
Our Advocacy Efforts in Challenging Times It is a painful, emotional, and nerve-wracking time for those of us working towards justice. At Exodus Lending, we denounce the racist ideologies and behaviors that endanger everyone, especially people with historically marginalized identities. Following last week’s siege of the US Capitol by violent mobs and the second impeachment Read more January 2021 Update
Teaching Children about Money
Time and again at Exodus Lending, our participants share with us that some of their financial goals are to improve their money habits and be a role model for the children. Thankfully, there are many ways we can impart the importance of money to children, no matter their age! Here are some tips from Better Read more Teaching Children about Money
December 2020 Update
Oh, what a year. With reckless abandon, 2020 has forced us to grapple with the precariousness of individual and communal health. This year has shown us that no one should suffer the indignity of unjustly compromised physical, emotional, or financial wellness. Yet, hardship after hardship continues to wreak havoc on our communities, such as the Read more December 2020 Update
Give to the Max Day 2020
It’s Give to the Max Day! That’s right. It’s Give to the Max Day once again! Of course, you probably already knew that. So let’s keep this brief. By the end of today, we have a goal to raise $10,000 (including a $5,000 match) to help Minnesotans break free from predatory payday and auto title Read more Give to the Max Day 2020