By Sara Nelson-Pallmeyer • February 2, 2017
We’ve surpassed the 100 mark!
Exodus Lending has now refinanced the loans of 101 persons trapped by payday loans and look forward to helping others soon. A few more statistics:
- The total number of participants who have repaid their loans in full and have “graduated” from Exodus Lending: 41 (and growing each month!)
- Total number of loans refinanced: 139
- Total amount refinanced: $67,065
- The average refinanced amount per participant: $664
- The average payday loan APR participants were paying before coming to Exodus Lending: 425%
- The amount of fees and interest paid to Exodus Lending: $0
- Total amount saved for participants (in 12 months): $284,955
Consider making a donation to Exodus Lending so we can keep helping folks get out from under payday loan debt. Click here to donate.