Atlanta 3/3/2012 2:25:00 AM
News / Finance

Lump Sum Payment when you Sell your Structured Settlement

Fifi needs to go to the vet.  Your car needs new brakes.  Your daughter needs braces, and your new prescription medication just nearly tripled in its price.  When it seems like everyone needs money from you, it can be very overwhelming to deal with, especially when you don’t have much money to go around.  Even though you get regular structured settlement payments, you never seem to have enough to take care of all of yours and your family’s needs.

So what do you do if you need extra money?  If you can’t wait for our next regularly scheduled structured settlement payment, selling some of your payments is a viable option to get you the money you need and fast.

If you decide to sell your structured settlement payments, there isn’t much to do but research the companies you are considering selling to.  When looking for a company to sell to, you want to look for a reputable company with years of experience.  Beware of companies that act merely as brokers.  These middle men will place themselves between you and the banks taking a share of your sale for profit.  This means they will offer you a very low lump sum payment so they can resell the payment to a bank for a much higher price bringing them a nice profit which you see no part of.

AnFed Bank is a bank, so you don’t have to worry about brokers or middlemen.  The lump sum payment that they will offer you will be fair and reflective of the value of your structured settlement payment.  You can trust AnFed Bank to help you get the money you need from your structured settlement because they have been helping people like you since 2008.