Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Exodus Lending is just a nonprofit assisting minnesotans break through the cycle of predatory loan services and products such as for example payday advances, automobile title loans, and high-interest online installment loans.

Exodus Lending is really a 501(c)(3) 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 debt cycle hinders individual well-being that is financial well as deters the search for any economic future outside of settling debt. By giving predatory credit card debt relief through a good and workable repayment plan, individuals can regain control of their funds and start the road toward monetary security.

We provide up to $1,000 to qualified individuals to ensure that they are able to break through the cycle and acquire away from predatory financial obligation. In the event that you or some one you realize requirements assist with payday advances, automobile name loans, on line installment loans, or any other predatory product, call us at 612-615-0067 ext. 3.

Get in touch with Exodus Lending on the site or call 612-615-0067 & inform us regarding your present loan(s). We shall must know the business or businesses which you have actually the loan(s) from, the second date you are required to spend, as well as the quantity necessary to spend off your loan in complete.

We’re going to make use of one to arranged a private appointment with our program coordinator, Anna. With this visit, she’s going to walk you through our refinancing documents, put up direct deposit/ACH repayments, and establish a payment plan. Repayment is finished a year, with alterations available as required. Appointment slots can be found during business hours with a few availability as well evening.

After your enrollment visit, Exodus Lending can 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 on the full life of the mortgage. Make on-time monthly obligations to Exodus Lending to qualify for incentives and enhance your credit rating. Set a meeting up with an authorized economic therapist and refer others trapped within the financial obligation period 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 are going to get a page indicating you have compensated the mortgage down in complete. Finish the enclosed graduate survey and mail it right straight back, or fill it away online. Afterwards, please leave Exodus Lending an evaluation on the platform that is preferred, Google, 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 acquire 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 even as we fight for a 36% interest rate limit in the legislature.

Helpful Resources

We observe that our program acts a certain need and that there was a multitude of economic emergencies that we can not deal with. Please set aside a second to scan this directory of other resources that are nonprofit download this list of alternatives.

LSS Financial Counseling provides free monetary guidance and many different different solutions and resources for individuals attempting to resolve their debt and attain wellness that is financial.

Family Means

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 items, and monetary mentoring.

FAIR is definitely an available bank-account which includes checking and savings accounts on the internet and via a mobile application.