Interest-Free Payday Loan Refinancing. LSS Financial Guidance
Exodus Lending is a helping that is nonprofit break through the cycle of predatory loan services and products such as for example payday advances, vehicle name loans, and high-interest online installment loans.
Exodus Lending is really a 501()( that is c) nonprofit that refinances predatory loan financial obligation for Minnesota residents. We assist families and folks break free through the period of short-term, high-interest loans. This debt cycle hinders individual well-being that is financial well as deters the quest for any economic future outside of paying down debt. By giving debt that is predatory through a good and workable payment plan, people can regain control of their funds and begin the road toward monetary security.
We lend as much as $1,000 to qualified individuals to make certain that they could break out the cycle and obtain 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 internet site or call 612-615-0067 & inform us about your present loan(s). We are going to have to know the business or businesses you have actually the loan(s) from, the second date you have to spend, while the quantity necessary to spend your loan off in complete.
We are going to utilize one to put up a private visit with our system coordinator, Anna. In this visit, she’ll walk you through our refinancing documents, create direct deposit/ACH repayments, and begin a payment plan. Repayment is finished a year, with changes available as required. Appointment slots can be found during company hours with a few availability as well evening.
After your enrollment visit, Exodus Lending will probably pay your predatory loan off in complete. Your instalments to us will start within 45 times after your visit. Exodus Lending charges 0% interest and $0 in finance charges throughout the full lifetime of the loan. Make on-time payments that are monthly Exodus Lending to be eligible for incentives and boost your credit rating. Set up a gathering by having a authorized economic therapist and refer other people trapped into the debt period to be eligible for extra bonuses. an optional check-in interview is provided about halfway through this system.
Upon the payment that is final Exodus Lending, you will get a page showing you have compensated the mortgage down in full. Complete the enclosed graduate mail and survey it straight back, or fill it away online. Afterwards, please leave Exodus Lending an assessment on your favored platform (Yelp, Bing, Twitter, Bing, etc).
Help other people by sharing your Exodus Lending tale. Your testimonial can help us advocate for change, find brand new individuals, and acquire contributions. We additionally encourage one to inform your family and friends people about Exodus Lending. Keep up with Exodus Lending emails to keep included even as we battle for the 36% rate of interest limit in the legislature.
Helpful Resources
We observe that our system acts a certain need and that there was a wide array of economic emergencies that we can’t address. Please set aside a second to scan this listing of other nonprofit resources or install this list of alternatives.
LSS Financial Counseling provides free economic guidance and a number of different solutions and resources for folks attempting to resolve their financial obligation and attain wellness that is financial.
Family Means
https://cashlandloans.net/payday-loans-ri/
Family Means offers free economic guidance and other monetary solutions through its credit rating Counseling provider.
Prepare + Prosper
Prepare and Prosper provides free taxation planning, affordable banking services and products, and economic mentoring.
FAIR is an available bank account which includes checking and savings accounts online and by way of a mobile software.
