Debt Consolidation Loan

Is Simple Path Financial a Legit Company or a Scam?

Written by Steve Rhode


Dear Steve,

I’m in a total of $33,000 in debt with credit cards and one loan. I spoke with a person at Simple Path financial. I asked if I could have the contract emailed to review it but the person said that it would be reviewed over the phone with me. I would sign then be able to have a copy sent to me.

Is Simple Path Financial a legit company or a scam?



Dear Adriane,

I always struggle when someone asks me if a company is a scam. I just don’t know what the word scam means to each person.

I can give you some common sense advice and some tips to check out the company yourself so you can hopefully make an educated decision about what you want to do.

If you feel as if you may be rushed or forced into signing a client agreement before being able to read it, that would concern me. A smart consumer should read and understand what they are signing up for before putting their name on it and making it a legal contract.

It’s not an unreasonable request to want to read the client agreement. If they don’t want to share it with you and you are not comfortable with that position, then maybe they are not the right fit for you.

Simple Path Financial says they are also a loan referral company. They say, “All business, mortgage, and student loan requests submitted through Simple Path Financial, LLC® are funded by a third party.” They also say, “Simple Path Financial, LLC® is a lender and also provides loan referral services.” – Source

They say they operate as Simple Patch Financial and Kuber Financial. You can look at this page for information on their state licenses. I have to applaud them for doing that.

It is a bit odd, from my point of view, that a lender that has invested that much in licensing is operating out of a virtual office. They list their address as 16842 Von Karman Avenue, Suite 200, Irvine, CA 92606. That is the address of the Davinci virtual office at the Von Karman Corporate Center. – Source

READ  Rescue One Financial - Scam, Complaint, Review, or Praise?

To help readers check out a company you may want to read How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off.

According to the State of California, Simple Path Financial was originally registered as an LLC on August 1, 2016. The organizer of the company is Bradley Smith. – Source

I recognize the name Bradley Smith and it appears it may just be the same Bradley Weston Smith who also runs Rescue One Lending. – Source, Source

A Branden Millstone is listed as the Co-CEO at Simple Path Financial and the Co-CEO at Rescue One Financial.

Rescue One Financial has been known to sell people into debt settlement after not being approved for loans.

At least one person online has made a similar claim about Simple Path Financial.

sbta17 said, “Underwriting has confirmed you are approved and qualified for a non-credit based consolidation option. Commonly referred to as the Federal Trade Commission Compliant Debt Resolution Program, this complies 100% with the strict rules dictated by the Federal Trade Commission (FTC) and is overseen by the American Fair Credit Council (AFCC) for consumer protection and streamlined cooperation with creditors.” – Source

In the FAQ section of their website Simple Path Financial says, “If you do not qualify for a loan, your SPF representative will work with you to find another financial solution. Simple Path Financial, LLC has a debt settlement affiliate, Rescue1 Financial. Our representatives may discuss with you debt settlement options available with Rescue 1 Financial. We will not share your information with Rescue1 Financial without your permission.” – Source

Another commenter on the question posted by sbta17 added, “I found out that Simple Path just represents FDR.” I assume that is Freedom Debt Relief. The bulk of the comments I saw seemed to give the impression the debt settlement solution was more common than an approved loan. – Source

READ  New Rescue One Financial Loan Offer Letter Still Raises Concerns

At the end of your due diligence only you can decide what company you want to work with.

My hope is that my answer can help you to feel confident to go back, ask your questions, and feel comfortable so you can know, to the best of your knowledge, that you’ve made the right company selection for your situation.

I’d love to hear your feedback on if you decide to move forward, if they try to sell you debt relief services, or why you might decide to not take them up on the offer.

Post your feedback below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.


  • I contacted Simple Path about their offer for an unsecured loan. I then received multiple calls “to review the results”. I emailed the guy back and asked him “if this is a debt consolidation program I am not interested”.

    I received an email back staying once underwriting completes I should get a call from someone else which I did. Each time they ask to speak with me. No email with rates or option to me is a scam or bait and switch tactic to sell you on something you either don’t want or trying to convince you on whatever else they try to sell you on.

    Every single bank I did loans with unsecured, car loan, credit card, didn’t require to talk to anyone unless it was related to income verification. BUT all Banks tell you that you have been approved for xxx amount and xx% with monthly payments of xx amount. Then they may add that you need to submit pay stubs, ID etc to finalize the loan. That had been with bank of America, DCU, Wells Fargo and countless others.

    So when someone continues to call you and want to speak with you and not share anything. It’s super sketch and I don’t call back because for what.

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