As news is perennially breaking and circumstances are ever-evolving, whatever happened this morning already feels like a lifetime ago. Yet amidst all the turmoil, our team at Exodus Lending continues to serve Minnesotans in financial distress due to predatory loans while we work home “a-loan.”
Here’s what we’re doing to maintain our operations safely:
We at Exodus Lending are feeling this ache, too. However, we cannot help but recognize that these sinking feelings of uncertainty, stress, and fear are not new. For the thousands of Minnesotans already living paycheck to paycheck, already on the cusp of extended economic hardship, the financial crisis was already here. What was once a smoldering fire is now a blazing wildfire – engulfing us all.
No one should struggle to secure critical necessities because they have to use their limited funds to pay off debt. This simple fact is as true today during a global pandemic as it was when our program began. For five years, we have been extinguishing payday loan debt for Minnesotans statewide. And while we don’t know what the rest of this month or this year holds, we do know this: that work must continue.
We have accomplished too much – 425 Minnesotans served, 577 predatory loans refinanced, more than $971,000 of interest and fees saved – to stop now. Although the world is seemingly burning around us, we need to rekindle the fire within us. We are still human. So we put together a 🔥 mixtape to try to capture all of these feelings.
Even knowing this, we must still move forward – one day at a time – because this big, scary, unknown future is all we got. And we are only going to get there together.
In case you are seeking even MORE news right now, here are some of the latest predatory lending updates:
Exodus Lending E-Newsletter: April 2020