If you are awarded a structured settlement from a personal injury suit, insurance claim, the lottery, or anything else you can rely on a steady stream of money for years to come. Structured settlement annuity payments help augment your income and allow you to feel secure in your finances. If your situation changes and you can’t afford to wait until your next installment you can get cash for your structured settlements by selling them to another person or company.
Selling your structured settlements is an easy process but you want to make sure that you are getting the lump sum payment for your settlement. There are a lot of companies who will purchase your structured settlement payments but will not keep them. They will sell your structured settlement to another company or a bank for a higher price, profiting from money that could have been yours.
When you sell your structured settlement to a bank you are likely dealing with the end buyer for your settlements. When banks buy structured settlements they can provide you with a generous lump sum payment that can give you the money you need now. They can also provide you with a sense of security because you know that you are selling your structured settlement to an established buyer and not a company that may go out of business and leave you stuck.
Banks that purchase structured settlements have experienced professionals that you can work with. AnFed Bank, for example, has years of experience buying structured settlements. They are a division of BofI Federal Bank, which is a publically traded company (NASDAQ: BOFI), fully FDIC insured, and federally chartered. Backed by years of experience and firm foundations in the industry banks provide structured settlement sellers with peace of mind.
When you need to sell your structured settlement payments you want to make sure that you are getting the most cash you can in a lump sum payment. Working with a bank lets you interact directly with the end user and cut out any middleman that might try to take your money at a time when you need cash now.
