We help Minnesotans seeking a way out of predatory loan debt.
I Need Help
Exodus Lending would love to help! First, take our eligibility quiz to see if our program is right for you.
See if You QualifyHelp a Friend in Need
Do you know someone with predatory debt? Refer them to Exodus Lending today!
Refer Someone
Judgment-Free
Seriously. Every day, we’re empowering the people who enter our program.
Refinancing
We pay off existing predatory loans, up to $1,500, with 0% APR, and absolutely no fees.
Incentives
Our program incentives help participants achieve financial well-being for the future.
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Interest
Reach out to Exodus Lending on the website or call 612-615-0067 & tell us about your current loan(s). We will need to know the company or companies that you have the loan(s) from, the next date you are required to pay, and the amount needed to pay off your loan in full.
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Enrollment
We will work with you to set up a one-on-one appointment with our program coordinator, Logan. During this appointment, he will walk you through our refinancing paperwork, set up direct deposit/ACH payments, and establish a repayment plan. Repayment is over one year, with adjustments available as needed. Appointment slots are available during business hours with some evening availability as well.
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Program
After your enrollment appointment, Exodus Lending will pay off your predatory loan in full. Your payments to us will begin within 45 days after your appointment. Exodus Lending charges 0% interest and $0 in finance fees over the life of the loan. Make on-time monthly payments to Exodus Lending to qualify for incentives and improve your credit score. Set up a meeting with an approved financial counselor and refer others trapped in the debt cycle to qualify for additional bonuses. An optional check-in interview is offered about halfway through the program.
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Graduation
Upon the final payment to Exodus Lending, you'll receive a letter indicating you've paid the loan off in full. Complete the enclosed graduate survey and mail it back, or fill it out online. Afterward, please leave Exodus Lending a review on your preferred platform (Yelp, Google, Facebook, Bing, etc).
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Post Program
Help others by sharing your Exodus Lending story. Your testimonial will help us advocate for change, find new participants, and get donations. We also encourage you to tell your friends and family members about Exodus Lending. Keep up with Exodus Lending emails to stay involved as we fight for a 36% interest rate cap at the legislature.
Helpful Resources
In addition to our program, we offer free resources that can help people who have predatory lending debt.
LSS Financial Counseling
LSS Financial Counseling offers free financial counseling and a variety of different services and resources for people working to resolve their debt and achieve financial wellness.
FamilyMeans
Family Means offers free financial counseling and other financial solutions through its Consumer Credit Counseling Service.
Prepare+Prosper
Provides free tax preparation, affordable banking products, and financial coaching.
Predatory Loan Alternatives
A document from Exodus Lending, outlining options to pursue rather than taking out a predatory loan.
Additional Community Resources
A downloadable document with contact information for a variety of organizations and resources, compiled by Exodus Lending.
FAIR
An accessible bank account that includes checking and savings accounts online and through a mobile app.