Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Exodus Lending is a nonprofit helping minnesotans break out the cycle of predatory loan items such as for example pay day loans, automobile name loans, and high-interest online installment loans.

Exodus Lending is just a 501()( that is c) nonprofit that refinances predatory loan financial obligation for Minnesota residents. We assist families and folks get rid through the period of short-term, high-interest loans. This financial obligation cycle hinders individual well-being that is financial well as deters the quest for any economic future outside of paying down debt. By giving predatory debt settlement through a reasonable and workable payment plan, people can regain control of their finances and commence the trail toward economic stability.

We provide as much as $1,000 to qualified individuals to ensure that they could break out the cycle to get out of predatory financial obligation. In the event that you or some one you understand requirements assist with pay day loans, automobile name loans, on the web installment loans, or any other predatory product, give us a call at 612-615-0067 ext. 3.

Get in touch with Exodus Lending on the site or call 612-615-0067 & inform us regarding the current loan(s). We are going to need to find out the organization or businesses which you have actually the loan(s) from, the following date you need to pay, while the quantity necessary to spend your loan off in complete.

We are going to assist one to put up a private visit with our system coordinator, Anna. With this visit, she’s going to walk you through our refinancing paperwork, put up direct deposit/ACH payments, and begin a payment plan. Repayment is finished twelve months, with changes available as required. Appointment slots can be found during company hours with some night accessibility also.

After your enrollment visit, Exodus Lending will probably pay your predatory loan off in complete. Your instalments to us shall start within 45 times after your visit. Exodus Lending charges 0% interest and $0 in finance charges within the full life of the mortgage. Make on-time payments that are monthly Exodus Lending to be eligible for incentives and boost your credit history. Set a meeting up having a approved monetary therapist and refer other people trapped into the financial obligation cycle to be eligible for extra bonuses. an optional check-in meeting is provided about halfway through this program.

Upon the last repayment to Exodus Lending, you will be given a page indicating you have compensated the mortgage down in complete. Finish the enclosed graduate mail and survey it right back, or fill it away online. Later, please leave Exodus Lending an assessment in your favored platform (Yelp, Bing, Twitter, Bing, etc).

Assist other people by sharing your Exodus Lending tale. Your testimonial may help us advocate for modification, find participants that are new and obtain contributions. We additionally encourage you to definitely inform your relatives and buddies people about Exodus Lending. Keep pace with Exodus Lending emails to keep included once we battle for a 36% interest limit in the legislature.

Helpful Resources

We notice that our system acts a particular need and that there was a multitude of economic emergencies that we can not deal with. Please take the time to scan this listing of other resources that are nonprofit download this list of options.

LSS Financial Counseling provides free economic guidance and a number of different solutions and resources for individuals attempting to resolve their financial obligation and attain economic wellness.

Family Means

Family Means offers free counseling that is financial other monetary solutions through its credit rating Counseling provider.

Prepare + Prosper

Prepare and Prosper provides free income tax planning, affordable banking items, and coaching that is financial.

FAIR is an available bank-account which includes checking and savings accounts online and through an app that is mobile.


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