SenecaOne - Structured Settlements
SenecaOne is a structured settlements company that specializes in buying structured settlements for a lump sum payment and then selling those structured settlements or annuities at a profit. While there are many companies that do this, SenecaOne offers much more flexibility than many of the other structured settlement firms we reviewed, making it one of the best around.
Structured settlements usually come from lawsuit or court case judgements or settlements. They consist of an agreement for one party to receive monetary compensation on an agreed upon schedule. However, they can be complicated arrangements, and sometimes you may find yourself lacking cash and unable to access it. SenecaOne will give you a lump sum of cash for your structured settlement, giving you the money you need when you need it.
SenecaOne doesn't just take structured settlements from court cases, they also work with lottery winners and others with a fixed predictable income stream. It is important that you talk to a qualified financial advisor before deciding to sell your structured settlement or annuity, as doing so can have huge financial implications for your future, and you should fully understand the consequences of the sale.
One of SenecaOne's unique services is a pre-funding deal. This will let you get cash while you are still waiting for court approval for the sale of your structured settlement. As a result, you can get your cash even faster than with other companies, though you will have to pay it back if the sale is denied. Another great service from SenecaOne is that they will do most of the work in court for you, which saves you time as well as the headache of interacting with the legal system. Finally, SenecaOne also lets you put your lump sum payment into an FDIC protected savings account that will generate interest. You can still access your cash with a debit card, so you can still use it when you need it.
There are a number of factors that you should consider when deciding whether or not to sell your structured settlement, including the fact that you won't be paid the full amount of your settlement if you sell it. This is because the firms that buy structured settlements operate for a profit and thus will pay you what is called the discount rate. This lets the company resell your structured settlement at a profit, while you get a lump sum of cash and no longer have to wait for the scheduled payments. This does mean that your financial future will be affected, so it is important to talk to a qualified financial advisor or planner before deciding to sell your structured settlement or annuity for cash.
SenecaOne offers a wide range of services that are hard to find at other structured settlement companies. Additionally they have a long history of providing quality customer service and working to fit the needs of the individual customer. As a result, they are among the best structured settlement companies we've reviewed. Contact them for a quote if you're thinking about selling your structured settlement or annuity.