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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.
Overall Satisfaction Rating
- 5 stars
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- 1 stars
- 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
SenecaOne offers loans for people that receive structured payments. There are no credit requirements, and loan terms are fairly transparent. However, the company’s service area is unclear, and its website makes learning more difficult.
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 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.
How much can I borrow from SenecaOne?
- 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?
- 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?
How long does it take to get a loan from SenecaOne?
Where is SenecaOne located?
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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SenecaOne sent me a letter from their "affiliates" Fast Annuity Advance. This letter clearly states if you call and verify you have at least $50,000 in remaining annuity payments, they will send you $499.00, no strings attached, no catch just simply verify your payments and they will wire you $499.00 the same day. This letter states this is not a loan, no credit is required and you do not have to sell payments to receive this money. Well, Well.
I called with the mindset that if this is legit, SenecaOne would definitely earn my business in the future. Not legit at all! Everything this letter stated about this $499.00 was exactly the opposite. It is a loan and you do have to sell your payments to them to receive anything from them. Whats special about that? I can get a cash advance from any company I sell to. This letter was just blatant false advertisement. In this business, integrity is everything, people have died for us to receive these payments. I will never conduct my business with this company.
Customer service was awesome. They provided me with everything I needed to know plus more so I'm very satisfied with the customer service information. The purchase price was everything because it fit just right in my purchase decision. I had enough of the money just for everything so the price was great. I'm very happy about my discounts but I really don't get much of them but it's still great having discounts when it's needed but I love discounts. They are great. I would recommend the additional fees only if it's required but other than that I really hate it when they tell us it's extra we gotta pay for with all the extra additional fees.
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The customer service rep was as helpful as he could be but in the end it wasn't enough to help me. I ended up being transferred to a different department. They have some decent prices but most are quite expensive. I was not satisfied with the quote that was given to me. I wasn't offered any discounts. I was told one price and that was it. They transferred me to many different reps that couldn't help at all so in the end I didnt use them. They tried to add more fees to my total bill but I refused their service. I wouldn't recommend them and I wouldn't use them again. That's just based on one bad experience.
The customer service was fantastic, by far the best. I am so happy to be with the company like this. It is truly like no other. They were so helpful and full of knowledge to make my experience so much better. Such a low cost versus other brands. The value was amazing and affordable. Even if you have a low income you can afford this. There are always discounts and coupons and that is the best part. I always love a good coupon. You can't beat this company's deals and discounts. Anyone is lucky to be with this company. There weren't too many additional fees and that is the best part. No one wants to be hit them and this company doesn't hit you with surprises and fees you don't want.
Customer service was kind and did their job. Didn't go above and beyond, but didn't do anything to frustrate or annoy me either. Overall I'm satisfied. Purchase price could always be better. Here I am somewhat dissatisfied and would love to see a better purchase price but other than that I am pleased. There are a fair amount of discounts to offset said purchase price so here I am satisfied. Although I wouldn't complain if more discounts were offered. There are some additional fees but not a whole lot, and much less than competing companies. All in all I am satisfied with the additional fees, they are no burden at all.
Customer service was awesome. They provided me with everything I needed to know plus more so I'm very satisfied with the customer service information. The purchase price was everything because it fit just right in my purchase decision. I had enough of the money just for everything so the price was great. I'm very happy about my discounts but I really don't get much of them but it's still great having discounts when it's needed but I love discounts - they are great. I would recommend the additional fees only if it's required but other than that I really hate it when they tell us it's extra we gotta pay for with all the extra additional fees.
SenecaOne Company Information
- Company Name:
- Year Founded:
- 7920 Norfolk Avenue Ste 300
- Postal Code:
- United States
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