What is a structured settlement?
A structured settlement is a financial package offered to a personal injury claimant that allows compensation to be paid in pre-determined installments rather than in one lump sum of cash. These installments may be paid over a fixed period or over the recipient's lifetime. One of the questions most commonly asked by recipients of structured settlements, once they discover that they cannot receive their money all at once, is "Can I sell my structured settlement?" The answer, fortunately, is yes, you can sell your structured settlement payments.
Do I have to sell my entire structured settlement?
No, you do not have to sell your entire structured settlement. Each of our customers is in a different financial situation. Most often individuals who sell structured settlement payments to AnFed Bank choose to sell only a portion of their structured settlement payments. The AnFed Bank structured settlement experts will help you design a transaction that will best suit your needs.
Do I have to pay tax on the lump sum of cash I receive from selling my structured settlement to AnFed Bank?
No. Pursuant to Internal Revenue Code Section 104(a)(2), court-ordered structured settlement assignments are tax free. Therefore, you will not have to pay tax on the lump sum of cash you receive for your structured settlement.
How do I get started with my structured settlement transaction?
Getting started is easy. Call 855-AnFed-4U (1-855-263-3348) to speak to an AnFed Bank representative who can help you achieve your financial goals.
Can I use my structured settlement to get a loan through AnFed Bank?
Yes. In addition to buying structured settlement payments, AnFed Bank is also able to offer loans. Call AnFed Bank today at 855-AnFed-4U (1-855-263-3348) to speak to an AnFed Bank representative and find out which option is best suited for you.
What if my structured settlement agreement or annuity policy contains anti-sale or anti-assignment language?
Even if your structured settlement or annuity policy contains anti-assignment language, AnFed Bank will be able to help. Call 855-AnFed-4U (1-855-263-3348) to speak to an AnFed Bank representative who will be able to help you understand your options for getting a lump sum of cash for your future structured settlement payments.
What if I have previously sold some of my structured settlement payments to another company?
AnFed Bank has extensive experience in dealing with individuals who have completed prior structured settlement transactions. Call us today at 855-AnFed-4U (1-855-263-3348) to speak to an AnFed Bank representative who can help you get the most out of your next structured settlement transaction.
If I have previously sold some of my payments, can I sell more of my structured settlement payments now?
You absolutely can. AnFed Bank has extensive experience in dealing with individuals who have previously sold some of their structured settlement payments to other companies. Call us today at 855-AnFed-4U (1-855-263-3348) to speak to an AnFed Bank representative who can help you to sell your structured settlement payments.
What about those sites that offer quotes from multiple companies?
Websites that offer multiple quotes from competing companies are basically brokers who work on behalf of other brokers. Our goal at AnFed Bank is to cut out the middle man, not add an extra one. When you work with AnFed Bank, you have the benefit of working directly with the financial institution that will purchase your payments rather than with a third-party broker.
Do you charge any closing fees or other costs?
No. Other companies claim to offer the best price, but then tack on hidden fees. With AnFed Bank, there are no hidden fees and no surprises, just straightforward cash offers for your annuity payments.
How long does it to get my cash after I accept your offer?
Because a court has to approve the transfer of your payments, the amount of time it takes to complete a transaction can vary depending on the court and the state in which you live. At AnFed Bank, we understand that sometimes people need cash right away, so many times we are able to advance a portion of the funds in as little as a few days after signing. If your need for cash is immediate, call an AnFed Bank representative now at 855-AnFed-4U (1-855-263-3348) to ask about getting an advance on your structured settlement transaction.
Do I need to have good credit or a job to sell my structured settlement payments?
No. You do not need good credit or a job to sell your structured settlement payments for cash. We work with annuitants in all financial situations. If you wish, we would be happy to work with you to improve your credit score. AnFed Bank is a division of a federally chartered bank, BofI Federal Bank. Your financial well-being is always our top priority.
How much are my structured settlement payments worth?
The value of your future structured settlement payments will depend on several factors, including the insurance company that issued your annuity policy, the size of each payment, and the time frame in which the payments are scheduled to be received. For example, a $10,000 payment that is due tomorrow is going to be worth more than a $10,000 payment due in ten years. Call AnFed Bank today at 855-AnFed-4U (1-855-263-3348) and one of our representatives will gladly calculate the value of your remaining structured settlement payments for you, with no cost or obligation to you. You can also contact us by email at any time at firstname.lastname@example.org. We are always happy to help in any way we can.