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Interest-Free Payday Loan Refinancing

Exodus Lending is a nonprofit helping Minnesotans break the cycle of
predatory loan products such as payday loans, car title loans,
and high-interest online installment loans.

Exodus Lending is a 501(c)(3) nonprofit that refinances predatory loan debt for Minnesota residents. We help families and individuals break free from the cycle of short-term, high-interest loans. This debt cycle hinders individual financial well-being as well as deters the pursuit of any financial future outside of paying off debt. By providing predatory debt relief through a fair and manageable repayment plan, individuals can regain control over their finances and start the path toward financial stability.

We lend up to $1,000 to qualified participants so that they can break the cycle and get out of predatory debt. If you or someone you know needs help with payday loans, car title loans, online installment loans, or another predatory product, call us at 612-615-0067 ext. 3.

  • 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.

  • Enrollment

    We will work with you to set up a one-on-one appointment with our program coordinator, Anna. During this appointment, she 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.

  • 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.

  • 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).

  • 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

We recognize that our program serves a specific need and that there is a wide variety of financial emergencies that we cannot address. Please take a moment to scan this list of other nonprofit resources or download this list of alternatives.

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