Swift Title Loans is an independent finance company that provides short-term loans secured by vehicle titles to consumers seeking emergency cash. The company primarily serves borrowers who need funds quickly and may not qualify for traditional bank loans. Title loans allow customers to retain vehicle use while the loan is outstanding, with the vehicle title held as collateral.
The company operates 27 locations across the United States, with the largest concentration in Texas, California, and Ohio. Like other title loan lenders, Swift Title Loans' primary product is vehicle title-secured lending, a service available in most U.S. states where title loan regulations permit it. Loan terms and amounts vary by location and state law.
Consumers considering title loans should be aware that they typically carry significantly higher interest rates than traditional bank loans, often ranging from 100% to 300% APR depending on state regulations and loan terms. Defaulting on a title loan can result in vehicle repossession. Borrowers should review their state's specific regulations regarding title loans, explore alternative forms of credit, and carefully assess whether they can repay the loan before committing to this form of lending.