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Rating: 8.4 / 10 (Excellent)
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Annuitants Federal Bank offers structured settlement purchasing services. The company is a division of BofI Federal Bank, which is a publicly traded, FDIC-insured company. Founded in 1999, the bank directly purchases partial or entire structured settlements and lottery payments, as well as offers personal banking services.
 
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How Do We Rate AnFed Bank?

Breakdown

4.0/5
Company Reputation
0.0/5
Customer Support
0.0/5
Educational Resources

Our Overall Rating: 4.2 / 5 (Excellent)

AnFed Bank's structured settlement purchasing services are similar to the ones provided by other companies in the market. However, the fact it is a subsidiary of an FDIC-insured bank gives it a cachet of legitimacy that is often missing from other companies. Likewise, the company's position of waiving all fees on structured settlement and annuity payments sales and its positive consumer litigation record places them ahead of the pack.

AnFed Bank Financial Stability

Financial Stability - 4.5 / 5

Although there is no financial reporting on AnFed Bank, its parent company BofI Federal Bank, is publicly traded (BOFI) on NASDAQ with a positive standing.
Year Founded
1999
Company Type
Direct Funded
Place of Registration
Delaware

Pertinent Financial Information

Annuitants Federal Bank, a division of BofI Federal Bank, is a FDIC-insured company that is federally chartered and publicly traded.

AnFed Bank Services

Services - 4.5 / 5

AnFed Bank is a direct fund purchaser of structured settlements and lump sum lottery payments. Consumers can sell their entire settlements or portions of it. The company says it will waive all fees related to the purchase of settlement or annuity payments. It also claims it will assist consumers in selling settlements with clauses that prohibit the sale or transfer of its annuity policy. However, it is unclear how this would be done.
Structured Settlement Buyouts
Portion of Scheduled Payment
Entire Settlement
Other Services
Pre Settlement Payments
Buy Lottery Winnings
Commission Policy
Does Not Pay Commission to Salesman
Customer Service Hours
8:00 am to 6:00 pm PT
Modes of Communication
Phone
Email
Chat

AnFed Bank Reputation

Company Reputation - 4 / 5

AnFed Bank has a BBB rating of A+ with no negative reviews. It does have four BBB customer complaints. Consumers mostly protest their insistent telemarketing sales tactics, while one customer complained the settlement sale agreement was changed without his consent. The company is not listed on TrustPilot.
BBB Rating
A+
Number of BBB Positive Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2018-02-22

Litigation and Regulatory Actions

We could find no history of published consumer litigation or regulatory actions against AnFed Bank.

Company Profile

Full Name
AnFed Bank Structured Settlements
Company Website
https://www.anfedbank.com
Headquarters
4350 La Jolla Village Dr #140, San Diego, CA, 92122
Top Rated
VISIT SITE

  • Provides numerous examples of structured settlement valuations
  • Website includes text of structured settlement sales laws from all 50 states
  • Free quotes
  • "No spam" pledge to those seeking quotes
  • Calls encouraged from people with quotes from other companies
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