Simple Path Financial
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If you’re struggling to pay off your debts, you may be considering Simple Path Financial as an option. Simple Path Financial LLC is a debt consolidation company that promises to help you get out of debt quickly and easily. But is Simple Path Financial legit or is it a scam? In this article, we’ll take a look at Simple Path Financial’s pros and cons and see what are their services all about.

This company offers a variety of loan referral services that can help you consolidate debt. They have a team that will work with you to create a personalized debt consolidation program. Simple Path Financial also offers a money-back guarantee if you’re not satisfied with their services.

The biggest advantage is that they offer a free consultation. During the consultation, you’ll be able to speak with one of their experts and get an idea of what your options are.

However, there are some disadvantages to using their services. First, their fees can be quite high. Second, you may not qualify for their services if you don’t meet their credit score. Third, they have many negative reviews online from many customers complaining about their services.

So, is Simple Path Financial a scam or legit? Overall, it seems like a legitimate company, however, there are some drawbacks that you should be aware of before using its services.

Simple Path Financial

Simple Path Financial Review: Is Simple Path Financial A Scam? Find Out Here! 1

Simple Path Financial Pros and Cons

Personal loans can help you consolidate debt, but they come with high-interest rates and fees. If you’re not careful, you could end up in more debt than you started with. Here’s what you need to know before you apply for a loan.

Simple Path Financial offers loans that may help you pay off your debts faster. But be warned: the company has been accused of bait and switch schemes. If you’re not careful, you could wind up in more debt than when you started. So before you apply for a loan from Simple Path Financial, here’s what you need to know.


  • Debt consolidation loans and personal loans can help you pay off your debts faster
  • It has a BBB rating of A+


  • High-interest rates and fees on personal loan
  • Bait and switch scheme accusations
  • A lot of Complaints
  • Poor Customer Service

If you’re considering applying for a loan, weigh the pros and cons carefully. On the one hand, you could get out of debt faster. On the other hand, you could end up in more debt than you started with, and that’s not a position you want to be in.

What is Simple Path Financial?

It is a personal loan company that helps to consolidate debt. The company uses bait and switch schemes to lure customers into their trap. Once the customer falls into the trap, they are stuck with high-interest rates and fees.

They use direct mail to advertise a great offer with amazingly low interest and terms and try to get you to consolidate your debt with them. The problem is that the rates and terms they advertise are not the same as what you will actually get. By the time you realize this, it’s too late and you’re stuck in their trap.

Don’t be fooled by bait and switch schemes. Loans are not worth the high-interest rates and fees that they charge. Find a different company to work with that won’t trap you in their web of deceit.

How does Simple Path Financial LLC work?

The company advertises loans with low monthly payments and the ability to pay off the debt in as little as 24 months. However, what they don’t tell you is that their high-interest rates and fees often end up making your situation worse. In many cases, people who consolidate their debt with this lender end up paying more in interest and fees than they would have if they had just stuck with their original lenders.

Simple Path Financial is just one of many companies that offers loans. While their advertised rates may look appealing at first, it’s important to read the fine print and understand the potential downside of taking out one of their loans.

Debt relief should help you get out of debt, not bury you deeper. Choose a company that will give you a fair interest rate and monthly payment, so you can finally start getting ahead financially.

What is a debt consolidation loan?

A debt consolidation loan is a type of loan that allows you to pay off multiple debts with a single monthly payment. This can help you save money on interest and get out of debt faster.

If you’re considering a debt consolidation loan, it’s important to compare offers from multiple lenders to make sure you’re getting the best deal. You should also consider whether a loan is the right solution for your financial situation. For example, if you have a lot of high-interest debt, you may be better off with a debt management plan or debt settlement.

If you’re not sure what kind of loan is right for you, talk to a certified credit counselor. They can help you explore your options and develop a plan to get out of debt.

What are Personal Loans?

A personal loan is a form of unsecured borrowing, which means that the loan isn’t backed by any collateral. This can make personal loans a bit more risky for lenders, but it also makes them easier to qualify for than some other types of loans. Personal loans can be used for a variety of purposes, including consolidating debt, paying for unexpected expenses, or financing a large purchase.

How To Qualify For A Simple Path Financial Personal Loan?

If you’re struggling to keep up with multiple debt payments each month, a debt consolidation program could be a helpful solution. With a personal loan, you’ll have just one monthly payment to make, which can simplify your financial life and help you get out of debt more quickly.

To qualify for a debt consolidation loan, you’ll need to meet the following qualifications:

  • You must have at least $15,000 in debt that you want to consolidate.
  • You must have a good credit history. A FICO score of 640 or higher is required to qualify.
  • You must have a steady income and employment history. Self-employed applicants may need to provide additional documentation.
  • You must be a U.S. citizen or permanent resident alien.

If you meet all of the qualifications above, you can apply for a personal loan online in just a few minutes. Once you’re approved, you’ll get to choose how much debt you want to consolidate and what kind of repayment schedule works best for you.

What kind of program does it offer?

They offer a variety of personal loans and debt consolidation loans, including fixed-rate and variable-rate options. You can choose the loan term that best meets your needs, from two years to seven years. Their loans may be subject to origination fees ranging from 1% – to 5%, of the loan amount and they do have prepayment penalties. The interest rates on their loans are not that competitive, starting at just over 11%.

But, if you have good credit, you may be able to qualify for a lower rate. You can check your rate online without affecting your credit score. Overall, Simple Path Financial may be a decent option, but there are other companies out there with better rates and terms. Be sure to shop around before deciding on a loan.

How much does it charge?

If you’re considering a personal loan, you may be wondering about potential fees. All their loans are subject to origination fees, which range from one to five percent of the loan amount. In addition, there may be other hidden fees associated with your loan.

APR Ranges will also charge a variable rate, depending on your creditworthiness. The APR ranges from 5.99% to 36%. As with any loan, be sure to read the fine print and understand all the fees associated with your loan before signing on the dotted line.

Personal loans can be a helpful tool in getting your finances back on track, but you don’t want to be blindsided by hidden fees.

What is the minimum credit score?

Any loan requires a minimum credit score of 640. If your credit score is below 640, you may still be able to qualify for a debt consolidation loan with a cosigner. A debt consolidation loan can help you save money on interest and pay off your debt faster.

If you’re not sure whether a personal loan is right for you, talk to a financial advisor. They can help you understand your options and make the best decision for your financial situation.

Who owns Simple Path Financial?

Mr. Bradley W Smith is the CEO of Simple Path Financial. He has been with the company since its inception and has been instrumental in its growth.

It is a privately held company, so Mr. Smith owns a significant portion of the company. However, he does have minority shareholders who own stakes in the business as well.

Mr. Bradley W Smith is the majority shareholder and CEO of the company. However, there are also minority shareholders who have invested in Simple Path Financial as well.

How does it affect your credit?

There are a few ways that this lender can affect your credit. One is through hard pulls. A hard pull is when a lender checks your minimum credit score in order to decide whether or not to approve you for a loan. Hard pulls can lower your credit score, so if you’re planning on applying for a loan in the near future, it’s best to avoid hard pulls.

Another way that it can affect your credit is through late payments. If you’re late on any of your payments, it will show up on your credit report and lower your score. So it’s important to always make your payments on time, even if you’re just a day or two late.

If you want to consolidate debt, it’s important to be aware of how it can affect your credit. But as long as you’re careful about hard pulls and late payments, you won’t negatively affect your credit too much.

How to cancel your loan?

If you’re no longer interested in using this lender to consolidate debt, you can cancel it at any time. All you need to do is repay the outstanding balance on your loan and notify Simple Path Financial that you’d like to cancel. They’ll then process your request and close out your account.

If you have any questions about canceling your loan, feel free to contact their customer service and they’ll be able to help.

Who is Simple Path Financial affiliated with?

The company is affiliated with National credit card relief. This means that if you have credit card debt, you may be able to consolidate your debt into one simple monthly payment. lt may also help you pay off your credit card debt, student loans, medical bills, and business debts.

Simple Path Financial BBB Reviews

The BBB website shows that they have an A+ rating and have been accredited since 2017. They have had 12 complaints closed in the last three years and two in the last twelve months. These reviews can help you when deciding if this lender is the right company for your needs.

When looking at any financial company, it’s always important to check its Better Business Bureau (BBB) rating. This will give you some insight as to how the company treats its customers and handles complaints.

Here are some Simple Path Financial BBB Reviews:

Kenneth K 04/21/2022

I applied online and was automatically refused due to my credit. Now they won’t stop calling me, saying they can help? How can you help when you already denied me? Seems like high-pressure tactics to me.

Phyllis s 04/15/2022

Total scam. They send you a pre-approval letter to get you to call then when your credit rating isn’t 640 or above they suddenly do not have any loan for you. Very deceiving

Debbie W 02/17/2022

Working with this company has been a nightmare. Said we could be out of debt only to be close to having wages attached, court appearances with no representation. If this review just helps one innocent person I will be happy.

Complaint Type: Billing/Collection Issues 04/25/2022

I applied for a personal loan and was denied that is okay what is not okay is he said he’s said my credit score is 577 which my credit score is ******* and 591. I have an account with experience that’s where he said he got it from my credit score hasn’t been **** April they are using fake credit scores to deny and it’s just a trick they use to make you sign up for debt consumption.

Is It Legit or a Scam? 

There are a lot of negative reviews out there about this company, and it’s hard to know what to believe. Are they a scam? Or are they a legitimate company that just has some unhappy customers?

We decided to take a closer look at Simple Path Financial to see if they’re a scam or a legit company. Here’s what we found:

This lender uses bait and switch tactics. They lure you in with the promise of low interest rates, but then they switch you to a higher rate on your personal loan once you’ve signed up. This is not only misleading, but it’s also illegal.

We also found that a lot of people have had their accounts closed without warning or explanation. This is another red flag that indicates that this lender may not be a legit company.

If you’re considering using them, we would recommend doing your research and reading reviews first. There are a lot of better options out there, and you don’t want to get scammed.

Thank you for reading! We hope this was helpful.

Have you had any experience with this company? Let us know in the comments below!

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Simple Path Financial Review

Simple Path Financial Review

Simple Path Financial uses bait and switch tactics. They lure you in with the promise of low-interest rates, but then they switch you to a higher rate once you’ve signed up. This is not only misleading, but it’s also illegal.

We also found that a lot of people have had their accounts closed without warning or explanation. This is another red flag that indicates that Simple Path Financial may not be a legit company.

If you’re considering using Simple Path Financial, we would recommend doing your research and reading reviews first. There are a lot of better options out there, and you don’t want to get scammed.

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