Agreeing on a structured settlement rather than carrying a case to trial can save you a considerable amount of money in court costs and legal fees. For this reason many people opt to take the periodic payments that come with a structured settlement but often times this arrangement fails to meet the needs of the immediate financial needs of the individual.
Rather than continue receiving periodic payments many decide to sell their structured settlement payments and receive a lump sum, providing them with an immediate source of money to handle things like debt, educational expenses or just routine bills. While there are a number of companies that are willing to buy structured settlements AnFed Bank, a division of BofI Federal Bank, a federally chartered, publically traded and FDIC insured bank, is the only bank designed to serve the unique needs of structured settlement annuitants.
This is an important distinction from other companies as AnFed Bank can promise structured settlement annuitants a more favorable lump sum payment. Other companies that buy structured settlements act as brokers, buying structured settlements and then selling them to a financial institution but AnFed Bank is a financial institution, thus an annuitant can eliminate middleman and get what their structured settlement is really worth.
Selling structured settlement payments can be a very smart financial move but it is critical than an annuitant select the right buyer, a buyer like AnFed Bank. If you have a structured settlement and you are looking to sell all or part of your future payments request a free consultation with AnFed Bank and find out how you can get what your payments are really worth.
