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.
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 your online payment account, and establish a repayment plan. Repayment is over at least one year, with adjustments available as needed. Appointment slots are available during business hours with some evening availability as well.
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.
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).
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.
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.
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.
Family Means offers free financial counseling and other financial solutions through its Consumer Credit Counseling Service.
Prepare and Prosper provides free tax preparation, affordable banking products, and financial coaching.
An accessible Checking account with no account overdraft fees and low monthly fees online and through a mobile app.
An online savings accounts with no monthly minimum balance requirement.
A combined savings/loan product designed to build your credit score, with no credit score requirement to get started.