Is Simple Path Financial a Legit Company or a Scam?


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

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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

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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.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

15 thoughts on “Is Simple Path Financial a Legit Company or a Scam?”

  1. Steve,
    I spoke with one of their representatives today about consolidating credit cards totaling $40,000, due to unexpected tuition costs and medical expenses. It seems like I am the only person, among many reviews on the company, that is actually being offered a loan, instead of a debt consolidation program, where they convince you to not pay your bills so they can negotiate for better terms with your creditors. Perhaps I am naive, but the terms sound good. Do you ever hear of this company actually doing a good job?

  2. Did you do this program? We were offered it through Simple Path and would save $400 a month. We’re super skeptical. We don’t want it to impact our credit.

    • Anything less than the minimum monthly payment will impact your credit in some way. But that is not the critical factor. More importantly, the issue is what solution is best for your individual situation.

  3. I visited the Simple Path site based on mail I received for debt consolidation. All of my accounts are in good standing with ZERO negative comments on my report and zero late payment. I have about 24,000 in cc debt and another 12 in HELOC, I was looking to consolidate into 1 lower payment a month and have a target to get them paid off, I am looking toward my retirement and did not want to pull from my 401K. After using the code they sent in letter, they had someone call me. He took my information, include SS which makes me very nervous, and said HE would call and email me back in about 45 minutes with rates. About 2 hours later he calls to ask if underwriting had reached out to me, I say no, nor have I received an email. He said, well it can take up to 48 hours. I said NEVERMIND cancel the whole thing. He then says to me “what is your problem with patience?” I respond “excuse me?” He repeats the question and goes on to tell me they are a company and this take time, so what is my problem with patience. I say to him “I am your customer and I don’t really think you should ask me that question” So I tell him cancel everything, they then call again asking what they can do about my student loans. I said, i asked you to cancel EVERYTHING. Don’t contact me again. They may be great, but I don’t appreciate being talked to that way when I am responding to an advert you sent me. When I visited Lending Tree they were able to give me rates right away and did not need my SS to do so.


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