Leading Minnesotans out of pay day loan financial obligation

Leading Minnesotans out of pay day loan financial obligation

At any time, in accordance with Exodus Lending, around 30,000 Minnesotans are stuck into the period of vicious financing. due to the absurd interest levels, normally it takes numerous borrowers per year or maybe more to leave of this cash advance cycle.

Created in 2012, Exodus Lending had been started after having a start up business started on Lake Street, simply just about to happen from Holy Trinity Lutheran Church, when you look at the Longfellow neighbor hood of Minneapolis.