Structured settlements became popular in the 1970s. They were designed to help recipients get a
steady flow of income to help with everyday expenses such housing, food and
transportation. They are also beneficial
for the ones paying because it allows them more time to get the money together.
If you have a structured
settlement, you know how much you rely on your structured settlement
payments to make ends meet. While it may
have been enough in the beginning, there may be times when you’ll need your
money faster than it comes. In the event
of a disaster, what do you do when you need more from your payments?
By selling you structured settlement for a lump
sum payment; you’ll be getting the money you need when you need it. If you are thinking about selling your
structured settlement, bear in mind that who you sell to plays an important
role in how much money you get. If you
work with a company that isn’t a bank, you will most likely get a lump sum
payment for far less than your settlement is worth. This is because these companies act as brokers
who will pay bottom dollar so they can make a profit when the resell the
settlement to a bank. By selling
directly to a bank, you’ll be guaranteed the best deal for your structured
settlement because there are no middle men to take away from your sale.
AnFed
Bank is a bank you can trust to sell your structured settlement to. They have been helping people get their lump
sum payments for their structured settlements since 2008. The bank was formed by BofI Federal Bank (NASDAQ:BOFI)
through the recruitment of knowledgeable and reputable professionals in the
lottery and structured settlement payment finance industry.
BofI Federal Bank is a publically traded company. It is federally chartered and FDIC insured.
