FAQS


SOME FREQUENTLY ASKED QUESTIONS

Below you’ll find some of the most frequently asked questions and their answers. If you still have questions, don’t hesitate to contact us at (888) 5-SIMPLE. We’re happy to discuss any questions you may have.



Answer:
Simple Path Financial is a leading financial services provider. Simple Path operates as a licensed consumer lender and also provides loan referral services. Today's loan marketplace is complex and can be tough to navigate. We help you work towards personal financial security by presenting you with loan options that match your needs, we have available options regardless of your financial history. Our executive team has done all that it can to select reputable lenders that can offer you attractive rates in today's market.


Answer:
Yes. Simple Path Financial, LLC is a licensed consumer lender and offers unsecured personal loans. Please refer to our RATES, TERMS, AND LICENSES page for additional licensing information. Simple Path Financial also provides loan referral services. We partner with lenders to bring you great rates!


Answer:
Simple Path provides access to personal and business unsecured loans, as well as student and mortgage loans. Personal loans can be used for many purposes including home improvement, debt consolidation, and auto loans.


Answer:
An unsecured loan does not require collateral (property) to secure financing. Simple Path Financial's personal loans are unsecured.


Answer:
Loan qualification criteria varies by applicant and depends on the lender. Typically, lenders may consider your credit score, employment and tax history, debt-to-income ratio, among other criteria.


Answer:
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 Rescue1 Financial. We will not share your information with Rescue1 Financial without your permission.


Answer:
If you do not like your loan terms, 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 Rescue1 Financial. We will not share your information with Rescue1 Financial without your permission.


Answer:
Verification varies with loan types and lenders. Typically lenders verify your identification to see your credit score, employment to verify your debt-to-income ratio, and so forth. CHECKING YOUR RATE does not affect your credit score.


Answer:
Your lender will advise you if there are restrictions on your loan funds; generally, loan proceeds must be used for the loan purpose you selected during the application process. For detailed information concerning potential restrictions please contact your lender directly.


Answer:
No. We take the work out of finding the right loan from the right lender at rates that work for you. Feel free to call us directly at 855.737.2831.


Answer:
Submitting an offer inquiry ("CHECKING YOUR RATE") to view the offers and terms available to you will NOT impact your credit score. However, upon accepting a loan offer by electronically signing the lender's loan agreement may result in a hard inquiry being reported to at least one Credit Reporting Agency; the reporting of a hard inquiry may affect your credit score.


Answer:
Personal Loans: You can apply for any amount between $3,000.00 and $100,000.00. Loan requests for over $35,000.00 will be referred to one of our lending affiliates.
Business Loans: You can apply for any amount between $2,000.00 and $250,000.00
Mortgage Loans: You can apply for any amount between $50,000.00 and $5,000,000.00
Student Loans: You can apply for any amount between $7,500.00 and $250,000.00


Answer:
Most borrowers receive their loan funds within 24 - 48 hours from the time their loan is approved for funding. Please note weekends, holidays, and your bank's ACH processing policy can extend funding times.


Answer:
Not at this time.


Answer:
You can submit an online application. Or, feel free to call us directly at (855) 737-2831.


Answer:
Please see our privacy policy HERE.


Answer:
Contact your lender directly for any questions about your account once your loan has been processed.


Answer:
It's simple, to check which offers are available to you simply provide us a few pieces of information like your name, address, U.S. tax identification number (SSN or EIN), and valid email address.


Answer:
Loans funded through Simple Path Financial are not subject to pre-payment penalties or fees. Loans may be subject to an origination fee of 1% to 5% of the loan amount, assessment of an origination fee is dependent on your loan grade and state of residency. The origination fee is always deducted from the loan proceeds, so you will never pay anything out of pocket. For detailed information concerning potential loan fees please contact your lender directly.