Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Interest-Free Payday Loan Refinancing. LSS Financial Guidance

Exodus Lending is a nonprofit assisting minnesotans break out the cycle of predatory loan services and products such as for example pay day loans, vehicle name 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 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 providing debt that is predatory Source through a reasonable and workable payment plan, people can regain control of their funds and begin the trail toward economic security.

We provide as much as $1,000 to qualified individuals to ensure that they are able to break through the cycle and obtain away from predatory financial obligation. At 612-615-0067 ext if you or someone you know needs help with payday loans, car title loans, online installment loans, or another predatory product, call us. 3.

Get in touch with Exodus Lending on the site or call 612-615-0067 & inform us regarding the present loan(s). We shall need to find out the organization or businesses which you have actually the loan(s) from, the second date you need to spend, therefore the quantity necessary to spend down your loan in complete.

We are going to make use of one to put up an appointment that is one-on-one our system coordinator, Anna. In this appointment, she’ll walk you through our refinancing documents, put up direct deposit/ACH payments, and set up a payment plan. Repayment is finished a year, with changes available as needed. Appointment slots can be obtained during company hours with a few availability as well evening.

After your enrollment appointment, Exodus Lending will probably pay down your predatory loan in complete. Your repayments to us shall begin within 45 times after your visit. Exodus Lending charges 0% interest and $0 in finance charges on the lifetime of the mortgage. Make on-time payments that are monthly Exodus Lending to be eligible for a incentives and boost your credit rating. Set a meeting up having an authorized economic counselor and refer other people trapped into the financial obligation cycle to be eligible for extra bonuses. an optional check-in meeting is offered about halfway through this system.

Upon the payment that is final Exodus Lending, you’ll get a page showing you have compensated the mortgage down in complete. Finish the enclosed graduate mail and survey it right right back, or fill it out 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 modification, find brand new individuals, and acquire donations. We additionally encourage one to tell your relatives and buddies people about Exodus Lending. Keep pace with Exodus Lending emails to keep included even as we battle for a 36% rate of interest limit during the legislature.

Helpful Resources

We observe that our program acts a particular need and that there was a wide array of economic emergencies that we can not deal with. Please set aside a second to scan this range of other resources that are nonprofit install this list of options.

LSS Financial Counseling provides free monetary guidance and many various different solutions and resources for folks trying to resolve their financial obligation and attain monetary health.

Family Means

Family Means offers free monetary guidance and other monetary solutions through its credit rating Counseling provider.

Prepare + Prosper

Prepare and Prosper provides free income tax planning, affordable banking items, and monetary mentoring.

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