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Resolve a Debt With Swift Funds Financial

Hannah Locklear | January 04, 2024

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Swift Funds Financial is a debt collection agency that collects on behalf of companies in the fitness industry. Swift Financial may contact you if you've failed to pay your gym membership, but SoloSuit can help you respond to debt collectors and resolve your debt.

Dealing with debt can be a challenging experience, especially when it involves a specific financial service provider like Swift Funds Financial. If you find yourself in a situation where you need to resolve a debt with them, here are some practical steps to help you navigate this process efficiently and effectively.

First and foremost, it's essential to fully understand the nature of your debt. This means knowing the total amount owed, the interest rates applied, and any late fees or penalties that may have accrued. Request a detailed statement from Swift Funds Financial to ensure you have all the necessary information.

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What is Swift Funds Financial?

Swift Funds Financial, also known as Swift Financial Services, is a debt collection agency that specializes in the collections of unpaid gym and fitness account balances and other fitness industry collection needs.

So, if you have some sort of gym membership that goes without paying, you may be contacted by Swift Funds Financial.

The first step to resolving a debt is to open a line of communication with Swift Funds Financial. It's crucial to establish a positive dialogue with their representatives. Explain your current financial situation honestly and express your willingness to resolve the debt. Remember, financial institutions are often more receptive to customers who are proactive about their debts.

Below is the Swift Funds Financial Services phone number and other contact information:

  • Phone: 347-943-6668
  • Email: info@swiftfinancial.fit
  • Address: PO Box 2397, Palos Verdes Peninsula, CA 90274-8397
  • Website: https://swiftfinancial.fit/

Who does Swift Financial Services collect for?

Swift Financial Services collects for many companies in the fitness industry. More specifically, and according to real complaints on its Better Business Bureau (BBB) profile, the following companies are some of Swift Financial Services clients:

  • Best Fitness
  • Club Pilates
  • CycleBar
  • Edge Fitness
  • EoS Fitness
  • Gold’s Gym
  • Lighthouse Fitness Management
  • UFC Gym
  • 9Round

So, if you’ve ever had a membership with any of these fitness clubs or gyms, there is a chance that Swift Funds Financial will contact you about an unpaid balance, even if you are up to date and current on all your payments.

Swift Funds Financial reviews are not great

According to its BBB, Swift Financial Services is not accredited, has an F rating, and has an average customer rating of 1 out of 5 stars. To make matters worse, Swift Funds Financial has received dozens and dozens of complaints over the last three years.

You can read Swift Funds Financial complaints online. Here’s an example of a real consumer who had a negative experience with the company:

“I am being contacted about a debt I cleared with Eos Fitness. I was told that my debt was cleared and was fine; months later, I'm being contacted about a debt.”

Most consumers who submitted a complaint against Swift Financial had similar experiences. Most were contacted about a debt they had already paid off. Luckily, federal and state laws protect you from unfair debt collection practices, and there are ways you can stand up for your rights and resolve the matter legally.

Stand up for your rights

The Fair Debt Collection Practices Act outlines illegal debt collection activities. According to this federal law, Swift Fund Financial debt collectors cannot:

  • Contact you before 8:00am or after 9:00pm
  • Use threatening, crude, or profane language when discussing a debt with you
  • Talk to your friends, coworkers, or extended family members about your debt
  • Lie about who they are
  • Threaten to take legal action they do not plan to take
  • Misrepresent themselves or your debt in any way

If you believe a Swift Financial debt collector has violated the FDCPA to get you to pay off a debt, you can file a complaint with the right agencies to get them off your back.

Learn more about What Debt Collectors Cannot Do — FDCPA Explained.

In addition to these laws, debt collectors are required to validate a debt upon your request. You can use SoloSuit’s Debt Validation Letter template to send an official debt validation request to Swift Financial. If they can’t prove your debt is legit, they have to stop contacting you about it.

Make Swift Financial validate your debt.

Settle your debt with Swift Financial

If you actually owe the debt, ask Swift Funds Financial about different payment options. They might offer a payment plan that allows you to pay off the debt in installments. If you're facing temporary financial hardship, you might also inquire about a possible deferment or a reduction in the monthly payment amount.

If you have multiple debts, including the one with Swift Funds Financial, debt consolidation might be a viable strategy. This involves taking out a new loan to pay off multiple debts, ideally at a lower interest rate. It simplifies your payments and can potentially save you money in interest over time.

Settle your debt before going to court.

Don't hesitate to seek advice from a financial advisor or a debt counselor. These professionals can provide valuable insights into managing your debt, negotiating with creditors, and improving your overall financial health.

If the situation escalates or becomes complex, consider consulting a legal professional specializing in debt resolution. They can offer guidance on your rights and options under the law. At SoloSuit, we offer countless resources to help you learn about debt resolution.

Check out the following video to learn more about how to settle debt:

Conclusion

Resolving a debt with Swift Funds Financial, like with any debt collector, requires a clear understanding of your debt, open communication, and a well-thought-out repayment plan. By taking a proactive and informed approach, you can navigate the process more smoothly and work towards a debt-free future. Remember, the key is not to ignore the debt but to tackle it head-on with a strategic plan in place.

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