FYI: If you've been put in a loan by Pathrise and they lied to you about canceling it or helping you and they then told you they're closing down, don't give up! File a thorough complaint with the CFPB!! Take Pathrise, Edly and whoever Edly sold your loan to and put them all in the complaint. Review: Please, please don’t fall for the lies this company tells you. ALL of these 'good' reviews are fake, I promise you, do NOT fall for them. Listen to the people who are telling you the truth about how they got scammed!!!If you’re reading this because you’re worried about your career and hoping Pathrise might help, stop right here. Everything they advertise is a trap. I’m writing this to save you from going through what I did.Pathrise claims to be a program that mentors you into landing a tech job, and that you’ll only pay a small percentage of your salary once you’re hired. Sounds harmless until you realize what’s really going on.The moment you join, they pressure you into taking a loan through a company called Edly. They tell you this loan will help fund your participation, and that if you leave early, they’ll “cancel it for you.” That’s the exact wording they used with me. Over and over, I was told, “Don’t worry about it, we’ll handle it, it’s all taken care of.”That was over a year ago.Every month, I followed up. Every time, I was reassured the cancellation was “in progress.” Then, out of nowhere, after twelve months of false promises, I received this email from them:“Pathrise has been foreclosed on by our lenders and has had to begin winding down operations... Pathrise does not have the authority to unilaterally cancel a third-party IBR Note... Any further steps a fellow wishes to take will need to be initiated by the fellow between themselves and Edly.”In other words: “We lied to you for a year, now it’s your problem.”So now I’m stuck with a $20,000 loan that I never wanted, for a program that gave me nothing of value, just recycled advice you can find for free on YouTube and fake “career mentors” who vanish the moment you ask hard questions.Remember, their own website claims that within the first two weeks, the "free trial" you can cancel your income share at any point in time with no 'strings attached'. Isn't it crazy how blatantly these people will lie? This is exactly what I did. Guess what? Here we are one year later.They had one job: to be honest. Instead, they built their entire business model on exploiting people who are just trying to get their lives together. They prey on fear, they fabricate reviews here on TrustPilot, and when they collapse, they leave their victims buried in debt.If you see their name, run the other way.Don’t believe their polished website or their fake replies to negative reviews. They’re all the same script.I wouldn’t wish this experience on anyone. Please do NOT trust Pathrise or their founders Kevin Wu and Derrick Mar. They're twisted liars who are doing everything they can to profit off of the fears of people who don't know any better. Run from any of their initiatives. Pathrise might close down soon but I bet they'll open up something else to try and get a new scam running. Oh Also, they're too ashamed to even link TrustPilot reviews to their website so they make random testimonials that make them look good. Go look at their website and see if any of the REAL reviews pop up. TL DR; They made me take out a loan, they took that money and used it for their business, they then told me they'll 'cancel' the loan for a year, then they said 'sorry we can't do anything, we lied', now my loan got sold from Edly to another loan provider and I have to figure out how to get it off my record since I never used the loan but i'm sure pathrise had a good payday with it.
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Pathrise is a career accelerator that helps you build real-world experience, pairs you with an industry leading mentor, teaches you how to crush your interviews, and guarantees you a job or internship.
