SenecaOne Reviews
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About SenecaOne
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SenecaOne offers options for people that receive annuity or prize payments but need cash fast. Loans are available for up to $15,000, depending on the type of loan you qualify for. Repayment terms are for up to one year, and the company offers fixed rates of up to 9.9% APR. SenecaOne does not have credit requirements; instead, it uses proof of your structured payments for approval.
- No credit requirements
- No obligation to sell payments
- Prize payment loans up to $15,000
- May not be available in your state
- $2,500 maximum for annuity loans
- Website has technical issues
What is SenecaOne?
SenecaOne is a company offering loans and purchase options for people in certain states that receive structured payments. That means you can potentially get cash quickly if you receive payments from something like a structured settlement or lottery annuity.
SenecaOne does not require you to sell your payments to get a loan, but it can purchase your annuity or prize payments.
How does SenecaOne work?
With SenecaOne, people who receive qualifying payments from a structured settlement or lottery windfall can borrow up to $15,000, depending on the type of payments in question. Borrowers must receive payments with an aggregate face value of at least $100,000 due within the next 10 years.
To apply, fill out an application or call SenecaOne. There are no credit requirements. Interest rates go up to 9.9% APR, and you have up to 12 months to pay your loan back.
It’s worth noting that SenecaOne’s online application is unavailable at the time of publishing, and its website has an invalid certificate, meaning that information entered there may not be secure.
SenecaOne services
SenecaOne offers two different loan programs, and which one is right for you will depend on the type of payments you receive.
- Annuity Payment Loans: SenecaOne offers Annuity Payment Loans for up to $2,500 if you’re on a structured settlement or annuity program. Repayment schedules for these loans are between six and 12 months.
- Prize Payment Loans: For lottery winners, SenecaOne offers loans up to $15,000. These are available with repayment schedules of up to one year with no six-month minimum.
SenecaOne also buys annuities or prize payments, but it mostly focuses on lending.
How much does SenecaOne cost?
Your cost will depend on your interest rate and loan term. Fixed interest rates up to 9.9% are available from SenecaOne, but you’ll need to contact the company to see what rate and loan amount you qualify for.
Once you have your rate, you can calculate your total costs over the term of your loan.
SenecaOne FAQ
How much can I borrow from SenecaOne?
It depends on the loan option you qualify for:
- Annuity Payment Loans let you borrow up to $2,500 from SenecaOne.
- Prize Payment Loans let you borrow up to $15,000 from SenecaOne.
What are SenecaOne’s repayment terms?
It depends on the loan you choose:
- For Annuity Payment Loans, SenecaOne offers repayment terms of six to 12 months.
- For Prize Payment Loans, terms of up to one year from your next annuity payment are available.
Where is SenecaOne available?
It’s unclear. There is conflicting information on the company’s website about its availability, and we weren’t able to reach the company for comment.
How long does it take to get a loan from SenecaOne?
Loans can be provided as soon as the same day you confirm that you’re receiving payments, but this isn’t always possible.
Where is SenecaOne located?
SeneceaOne is located in Bethesda, Maryland.
Still have questions?
Is SenecaOne legit?
SenecaOne may be attractive, especially if you need cash quickly and don’t have a strong credit score. However, there is some confusion surrounding where the company’s services are available, and its website has limited functionality at the time of publishing. If you think SenecaOne might be right for you, contact the company and do your research to make sure you’re making a smart decision.
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- 4,902,084 reviews on ConsumerAffairs are verified.
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- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
SenecaOne Company Information
- Company Name:
- SenecaOne
- Year Founded:
- 2002
- Address:
- 7920 Norfolk Avenue Ste 300
- City:
- Bethesda
- State/Province:
- MD
- Postal Code:
- 20814
- Country:
- United States
- Website:
- www.senecaone.com



