When it comes to Simple Path Financial, there are two trains of thought: is it a scam or legit? Simple Path Financial is a company that offers personal loans. Some people have had great experiences with the company, while others have not been so lucky. In this Simple Path Financial review, we will take a look at the pros and cons of using their services so that you can make an informed decision about whether or not to use them.

Simple Path Financial has been in business since 2009 and is headquartered in San Diego, California. The company offers personal loans of up to $35,000 with interest rates ranging from 15.99% to 35.99%. You can also choose the repayment term that works best for you, from 24 to 60 months.

One of the biggest complaints about Simple Path Financial is that they are a scam. There have been reports of people being approved for a loan and then never receiving the money. Other people have said that they have received calls from Simple Path Financial after they applied for a loan, asking for personal information such as their social security number or bank account number. Simple Path Financial denies that they make these types of calls, but there have been enough complaints to raise red flags.

The other major complaint about Simple Path Financial is that they are not transparent about their fees. Some people have reported being charged hidden fees, such as an origination fee or a prepayment penalty. Simple Path Financial does disclose their fees on their website, but some people feel that they are not upfront about them.

Simple Path Financial also has a BBB rating of A+, which is the highest rating possible. However, there have been over 11 complaints filed against the company in the past three years. Most of these complaints are about billing and collection issues, but there are also a few complaints about loan modification and fraud.

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Simple Path Financial Pros and Cons

It’s no secret that personal loans can be a lifesaver. But when it comes to Simple Path Financial, there are more cons than pros.

The biggest con is the high-interest rates. If you’re not careful, you could end up paying way more than you borrowed in the first place. And if you’re late on a payment, you’ll be hit with even higher fees.

Another big con is that Simple Path is a bit of a scam. They prey on people who are desperate for cash and end up trapping them in a cycle of debt.

So while personal loans can be helpful, they’re not always the best option. And in the case of Simple Path Financial, it’s best to avoid them altogether.

What is Simple Path Financial?

Simple Path Financial is a lender and personal loan provider. They also offer referral services for loans. Loans are not available in all states, but they are licensed to provide personal loans in many states across the country. You can check their website to see if they are available in your state.

They offer personal loans for a variety of purposes, including debt consolidation, home improvement projects, medical expenses, and more. You can apply for a loan online or over the phone. Once you’re approved, you’ll receive your loan funds within 24 hours.

Simple Path Financial has a BBB rating of A+ and is accredited by the Better Business Bureau. They have been in business since 2016.

How does Simple Path Financial work?

The answer is pretty simple. You fill out an application, and if you’re approved, you’re given a personal loan with interest rates that are much higher than advertised. It’s basically a bait and switch operation. They advertise low-interest rates to lure people in, but once you’re approved for a loan, the interest rates are jacked up.

So if you’re considering taking out a personal loan from Simple Path Financial, be aware that you may end up paying much more in interest than you originally thought. And if you have any questions, be sure to ask them before you apply. That way, you’ll know exactly what you’re getting yourself into.

What credit report does Simple Path Financial use?

They use a credit reporting agency called Experian. You can get your free credit report from them once a year. They’ll pull your credit report when you apply for credit with Simple Path.

If you’re not familiar with your credit report, it’s basically a snapshot of your financial history. It includes things like how much debt you have, whether you make your payments on time, and any bankruptcies or foreclosures. Your credit score is calculated based on this information.

Most lenders use either Experian or FICO scores when considering a loan application. So it’s important to keep an eye on both of these reports. Monitoring your credit report is a good way to catch identity theft early, as well as errors that could hurt your credit score.

So there you have it! That’s what credit report Simple Path Financial uses. Be sure to check yours regularly so you can stay on top of your financial health.

How does Simple Path Financial affect your credit?

Simple Path Financial is a personal loan provider that does a hard pull on your credit report when you apply for a loan. This means that your credit score could take a hit when you apply for a loan with them.

Assuming you have good credit, Simple Path Financial will not have as much of an impact on your credit score as other lenders. With that said, any hard inquiry will result in a small dip in your credit score.

If you’re considering taking out a personal loan, make sure to compare rates and terms from multiple lenders to get the best deal possible. And always remember to keep an eye on your credit score – too many hard inquiries can hurt your credit score in the long run.

Should you trust Simple Path Financial mail offer?

The offer usually includes a “personalized reservation code” and low-interest rates in order to consolidate your debt or get a personal loan. However, once you apply for the loan, you’re likely to be approved for a much higher rate.

If you’re considering taking out a personal loan, research your options carefully and compare offers from multiple lenders before making a decision. Don’t let a low-interest rate tempt you into taking on more debt than you can afford to repay. Remember, personal loans are not “free money” – you will have to pay them back with interest.

Choose the loan that’s right for you, and don’t let Simple Path Financial take advantage of you.

Simple Path Financial BBB Reviews

Simple Path Financial BBB reviews show that there have been 11 complaints closed in the last three years. One complaint was closed in the last 12 months. The majority of the complaints are relating to billing and collection issues, high-interest rates, and negative reviews.

Here are some Simple Path Financial BBB Reviews

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Is Simple Path Financial legit?

We have been getting a lot of questions lately about Simple Path Financial, and whether or not they are a legitimate company. I did some research and here is what I found.

Simple Path Financial has an A+ rating with the Better Business Bureau, however, they do have over 11 complaints filed against them. The majority of these complaints seem to be related to high-interest rates and bait and switch tactics.

I would say that overall, Simple Path Financial is a legit company. However, you should be aware of their high-interest rates and be sure to read the fine print before signing up for anything. Do your research and make sure you understand what you’re getting into before working with this company.

What do you think? Have you had any experience with Simple Path Financial? Let us know in the comments below.

If you’re looking for more information on personal finance, be sure to check out our comparison charts. We have a wealth of resources to help you make the most of your money. Thanks for reading!


After working as a journalist for several local newspapers, Peter realized the potential of the internet for news reporting. He joined the team as a contributor which provided him with a platform to dedicate his experience and knowledge for a wider range of audiences.  He excels in curating science and technology news for the website.

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