News
Stories and news from Exodus Lending and the financial industry
April 2018 Update
At Exodus Lending, our program participants are the guiding force behind our work. Their stories of struggle with payday loan debt infuriate us. Their tales of triumph when they eliminate this debt through our program inspire us. We hope you too feel inspired by them, so on this frustratingly chilly April day, here is program Read more April 2018 Update
Paula's Story
A couple pay stubs. A photo ID. That’s all Paula needed to get a payday loan to cover a car repair. Simple enough, right? Not quite. The loan was then due back in full in two weeks. In theory, Paula could cover it with her next paycheck. In reality, Paula was living paycheck to paycheck. Her Read more Paula's Story
March 2018 Update
To Moorhead and beyond! Visits to St. Paul and Moorhead From the capitol to the suburbs to northern Minnesota, our Executive Director, Sara Nelson-Pallmeyer, has seemingly been everywhere spreading the word about Exodus Lending- and that’s just in this last week! On Tuesday, Sara spoke to members of the House of Representatives’ Job Growth and Read more March 2018 Update
Emergency Funds & Savings Bonds
“We worry about what a child will become tomorrow, yet we forget that he is someone today.” – Stacia Tauscher, dancer and artist Building your savings is a lot like raising a child. Both require balancing the needs of today with the needs of tomorrow. Each requires consistent, daily commitment to growth toward the future you Read more Emergency Funds & Savings Bonds
Tax Preparation
Tax Preparation Spring is so, so close. Today’s melting snow puddles will soon give way to rainy sidewalks and blossoming buds. You can almost feel the weather getting warmer. And while you’re dreaming of spring weather on the horizons, you probably aren’t daydreaming about that other lingering springtime tradition: taxes. Yes, tax season is coming Read more Tax Preparation
Financial Wellness
New Year’s Resolutions: easy to make, not so easy to keep – especially if yours is to improve your financial health. So to start 2018 off with a bang, here are 18 tips to help you reach your money goals. Visualize your “why.” Why is it important for you make changes to your financial habits? Read more Financial Wellness
Savings Accounts
Snowflakes are one of nature’s most fragile things, but just look what they can do when they stick together. Although one snowflake doesn’t seem like a whole lot of anything, with enough sticking together you can build a snowman and enjoy a winter wonderland. Saving money works in the same way – although each contribution Read more Savings Accounts
Meal Prep for Thanksgiving and Beyond
Preparing Meals, Big and Small Food is a wonderful source of joy in our lives, but it can also be a major stressor. If you’re still rattled thinking about all you need to do before Thanksgiving, or if you routinely struggle with your grocery trips, we hope these tips can save you time, energy, and Read more Meal Prep for Thanksgiving and Beyond
Deb’s Story
Fifteen years ago, Deb took out her first payday loan. At that time, she was able to repay and move on. After a recent medical emergency, she once again turned to payday loans. But this time was different. The payday loan brought a flicker of financial relief, but that spark faded fast as she quickly Read more Deb’s Story
Financial Education and Consumer Protection
Learn about Personal Finance Financial literacy is about having the knowledge and skills to effectively manage your available financial resources. At Exodus Lending, we believe this means knowing how to navigate your personal finances and understanding the broader context that impacts your financial situation. Knowledge is power: strengthen your personal finances and advocate for yourself Read more Financial Education and Consumer Protection