The structured settlement payments you receive were designed to help you pay for everyday expenses such as housing, transportation, and food. The concept was popularized in the 1970’s as a way to provide a steady flow of income to the recipients while allowing the paying party time to gather the money. Still popular today, structured settlements have helped many people pay the bills, but to those that are still struggling to make ends meet each month, selling some or all of their structured settlement payments can get them the money they need without having to wait for it.
To sell your structured settlement payment means that another company will provide you with a lump sum of money in exchange for your structured settlement payments. This company will give you the lump sum payment as part of the agreement that they will then take over the future scheduled structured settlement payments. This is beneficial to both parties as both the seller and buyer will receive money through the transaction.
The money made from a lump sum payment can be used in any way the recipient deems necessary. The funds could be used to eliminate old debt, or to simply make life more enjoyable through home renovations or more reliable transportation. The money you get from selling your
structured settlement could also even be used for investment purposes, whether it’s through education or business ventures.
AnFedBank knows structured settlements, and they can help you get the most out of your
structured settlement payments. With an experienced team of professionals, AnFed Bank will work with you to develop a lump sum payment that reflects the proper value of your structured settlement payments. Sell one or all of your structured settlement payments with AnFed Bank and you can sell in confidence that you’ll be getting the fairest and best deal possible.
