Atlanta 2/27/2013 4:00:00 AM
AnFed Bank Serves the Needs of Structured Settlement Recipients
Though individuals are often awarded a great deal of money in a structured settlement agreement, many still face the possibilities of financial strains, as structured settlements are often paid out over a long period of twenty to thirty years, sometimes more. While laws vary from state to state, many structured settlement recipients have options for the sale of individual payments or the entirety of their settlements to access funds sooner.
There are many businesses that operate to serve the specific needs of recipients attempting to sell structured settlement payments, though these companies act merely as brokers to facilitate the sale of settlement payments from the recipient to the final purchasing bank. As a result, these middlemen charge excessive fees and high closing costs that limit the final payout value that structured settlement recipients receive. The only bank that is certified to purchase these structured settlement payments directly, cutting out costly brokers, is AnFed Bank.
Since 2008, AnFed Bank has been addressing the specific needs of structured settlement recipients and lottery winners by providing specialized banking products and services that meet the growing demand for this industry. Offering structured settlement loans, structured settlement payments purchases, and traditional banking products designed for the needs of these clients, AnFed Bank has built a reputation as the structured settlement finance industry’s most trusted leader.
Call an AnFed representative today at 1 (855) AnFed 4U to learn how AnFed can become your most trusted structured settlement ally.
