News
Stories and news from Exodus Lending and the financial industry
Debt Settlement
Debt settlement is the act of resolving delinquency with a creditor for less than the amount owed through a large lump-sum payment. The main benefit of a debt settlement plan is that, if accepted, it can help you get out of debt sooner for less than what you owe. However, there are several risks associated Read more Debt Settlement
May 2022 Update
Introducing our new Director of Lending and Programs! We are thrilled to announce that Jeremiah Fuller is our new Director of Lending and Programs. Jeremiah is a community and justice advocate with ten years of programming experience. For example, he recently served as the Director of Community and Church Engagement for Safe Families For Children. Read more May 2022 Update
Managing Food Expenses
We all have to eat, right? For many of us, food can be a source of great joy because it can nourish our bodies and souls, connect us to our culture and families, and create space for us to get creative or grow outside our comfort zones. But food can also be a source of stress Read more Managing Food Expenses
April 2022 Update
Let’s Build Financial Capability in Minnesota April is National Financial Capability Month! Exodus Lending is committed to strengthening Minnesotans’ financial capacity by eliminating their predatory debt and providing resources and tools that encourage individuals to reclaim control of their finances, without shame or blame. This month, we’re debunking common payday loan myths and sharing strategies Read more April 2022 Update
March 2022 Update
Our Advocacy Efforts in the Sahan Journal We’re thrilled to share this op-ed in the Sahan Journal by our executive director, Anne Leland Clark. In it, she describes how seemingly innocuous short-term loans can ensnare people in debt traps because of high-interest rates and inflexible terms. These predatory business tactics have their roots in racist Read more March 2022 Update
Credit Card Basics
Credit cards are authorized lines of credit offered by banks or other financial institutions. By paying with a credit card (instead of with cash or a debit card), you are borrowing money from the credit card company to cover the purchase, and they will bill you later. Upon receipt of the bill, the expectation is Read more Credit Card Basics
Daniel’s Story
It Takes All of Us: Financial Empowerment is Community Work Getting a handle on personal finances is a challenge, especially for those of us, like Daniel, who have personally experienced economic hardship or received little to no financial guidance and support. While we all have unique financial journeys, the reality is the road to financial Read more Daniel’s Story
February 2022 Update
How We Stop the Predatory Loan Cycle Lenders providing predatory payday, auto title, or installment loans design their products to keep borrowers in a cycle of debt. And for many Minnesotans caught in the spiral, it can be hard to see a way out – until they learn about Exodus Lending. In order to reach Read more February 2022 Update
Resources and Financial Tips for Families
One of the scariest parts of making money decisions is knowing that your actions impact not just yourself but also the family members for whom you are financially responsible. It is a pressure-filled and lonely position to be in, so we wanted to share resources and strategies that focus on the financial needs of caretakers Read more Resources and Financial Tips for Families
Latichia D. Harper
Latichia D. Harper Joined the Board of Directors in 2022 Latichia is a Senior Sales Enablement Program Manager over the Remote Solutions Initiative for Medtronic. She joined our board as a result of attending the board repair event. Her passion towards financial literacy and reprieve for BIPOC communities began years prior. She has a passion Read more Latichia D. Harper