So far this year, we’ve refinanced loans with APRs as “low” as 78% and as high as 795%. While this range includes a mix of loan and lender types (from fully licensed to, um, let’s say, questionable legality), the common denominator is that they all harm our neighbors’ financial health and well-being.
If you are as outraged by predatory lending as we are, please consider contributing toward our Give to the Max Day campaign or become a sustaining donor. Our goal is to raise $10,000 by November 17th, including a generous $4,000 match!
Fueled by the generosity of individual donors, Exodus Lending has helped more than 560 people break free from predatory debt. With your support, we can continue doing what we do best: keeping Minnesotans’ hard-earned dollars away from exploitative lenders and advocating for an inclusive, statewide 36% interest rate cap. Donate today!
Exodus Lending is a 501(c)(3) organization (EIN: 47-1706853).
Gifts of all sizes are appreciated and are tax-deductible to the extent allowed by law.
Thank you to our supporters who contributed $14,906 toward Exodus Lending’s 2022 Give to the Max Day campaign! We are beyond grateful for your partnership in our fight to eradicate predatory lending in Minnesota. Our work is only possible because of supporters like you. Thank you!
Last month, we announced that Exodus Lending has incorporated the non-partisan, anti-predatory lending campaign and coalition, Minnesotans for Fair Lending (MFL), into our organization. You can connect with our Organizing Director, Meghan Olsen Biebighauser, to learn more or get involved with our advocacy efforts.
We are thrilled to welcome Kim Miller, a certified financial counselor with LSS Financial Counseling, to our Board of Directors. She is passionate about helping folks build confidence regarding their finances, which you can tell from her insights during a recent conversation with MPR’s Angela Davis about managing money during uncertain times.
In case you missed it, here are some of the latest news items on predatory lending:
Exodus Lending E-Newsletter: November 2022