Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Exodus Lending is really a nonprofit assisting minnesotans break through the cycle of predatory loan services and products such as for example payday advances, automobile name loans, and high-interest online installment loans.

Exodus Lending is a 501(c)(3) nonprofit that refinances predatory loan financial obligation for Minnesota residents. We assist families and people get rid through the period of short-term, high-interest loans. This financial obligation cycle hinders individual financial well-being because well as deters the search for any economic future away from paying down debt. By giving debt that is predatory through a reasonable and manageable payment plan, people can regain control of their funds and commence the trail toward economic security.

We provide up to $1,000 to qualified individuals in order that they are able to break through the cycle to get away from predatory financial obligation. At 612-615-0067 ext if you or someone you know needs help with payday loans, car title loans, online installment loans, or another predatory product, call us. 3.

Get in touch with Exodus Lending on the internet site or call 612-615-0067 & inform us regarding your present loan(s). We’re going to need to find out the business or businesses which you have actually the loan(s) from, the second date you need to spend, plus the quantity needed seriously to spend your loan off in complete.

We are going to assist one to put up a private visit with our system coordinator, Anna. With this visit, she’ll walk you through our refinancing documents, put up direct deposit/ACH repayments, and begin a payment plan. Repayment is finished a year, payday loans in Tennessee with changes available as required. Appointment slots can be found during company hours with some night access too.

After your enrollment appointment, Exodus Lending will probably pay your predatory loan off in full. Your repayments to us will start within 45 times after your visit. Exodus Lending charges 0% interest and $0 in finance charges throughout the full life of the mortgage. Make on-time monthly obligations to Exodus Lending to be eligible for a incentives and boost your credit history. Set a meeting up with an authorized monetary therapist and refer other people trapped into the financial obligation period to be eligible for additional bonuses. an optional check-in meeting is provided about halfway through this system.

Upon the last repayment to Exodus Lending, you will get a page showing you have paid the mortgage down in complete. Finish the enclosed graduate survey and mail it right right back, or fill it away online. Afterwards, please leave Exodus Lending an evaluation on the platform that is preferred, Bing, Twitter, Bing, etc).

Assist other people by sharing your Exodus Lending story. Your testimonial may help us advocate for modification, find participants that are new and acquire contributions. We additionally encourage one to inform your family and friends people about Exodus Lending. Keep pace with Exodus Lending emails to keep included once we fight for the 36% rate of interest limit during the legislature.

Helpful Resources

We observe that our system acts a specific need and that there clearly was a wide array of economic emergencies that we can’t deal with. Please take the time to scan this directory of other resources that are nonprofit download this list of alternatives.

LSS Financial Counseling provides free economic guidance and a number of different solutions and resources for folks attempting to resolve their financial obligation and attain economic health.

Family Means

Family Means offers free counseling that is financial other economic solutions through its credit rating Counseling provider.

Prepare + Prosper

Prepare and Prosper provides free taxation planning, affordable banking items, and economic mentoring.

FAIR is definitely an available bank-account that features checking and savings accounts on the internet and by way of an app that is mobile.