by Structured Settlement Watchdog
Seneca One offers up to $500 for which they will require payback at $50 per month for 10 months. But you need to have a verifiable structured settlement to qualify**. Not only must it be a verifiable structured settlement but you must hold structured settlement payment rights that can be sold.
Like Seneca One's dreadful misleading National Structured Settlement Registry stunt, this appears to be a thinly veiled attempt to increase its database so that you can be solicited in the future.
Don't fall for it. For them $500 per qualified name is cheaper than $300 or more per click with sponsored internet ads.
On the home page of the website Fast Annuity Advance, Seneca One prostitutes a sumptuous photo stock model with "high beam" white teeth as a customer who needed a $500 advance. This implausibility was once dubbed a customer named "Kristen" by Seneca One competitors DRB Capital and Imperial Structured Settlements, until they too were exposed.
- DRB Capital/Imperial "Customer" "Kristen" Is In Fact a Stock Photo
- DRB Capital "Kristen ad
- Imperial Structured Settlements "Kristen" ad
Kristen has also been used by other members of the National Association of Settlement Purchasers.
Needless to say there are plenty of reasons to avoid Seneca One. Read my Seneca One commentary
**To be approved for the loan, you must currently be receiving structured settlement payments with an aggregate face value of at least $50,000 due to you beginning 12 months from the time you contact Fast Annuity Advance. You must provide a valid government-issued picture ID and authorize Fast Annuity Advance, LLC or its affiliates to pull your credit. The cash will be made available at a confirmed location within 30 minutes during regular business hours. Fast Annuity Advance cannot guarantee that a participating location will be in reasonable driving distance from you. The cash may be paid in the form of U.S. currency, money order or a combination thereof, based on the policy of money distribution center. Offer not available to consumers with an outstanding loan due to Fast Annuity Advance. Offer void where prohibited. No interest loan is repaid in 10 monthly installments of $50. Loans made through Fast Annuity Advance’s affiliate, Seneca One, LLC, Consumer Lender’s License #1056 in Maryland. In California, loans made or arranged pursuant to a California Finance Lenders Law License.
