Services Disclaimer

Lottery & Prize

Customers are pre-approved because based on information currently available to Parker Financial Services®, the customer meets our basic selection criteria.  Offers are subject to confirmation of Parker Financial Services® initial information and final approval based on Parker Financial Services® full criteria.

Parker Financial Services®‘ finance and loan programs are subject to borrower qualification, completions of application, verification that borrower is receiving periodic lottery payments and that those payments are unencumbered and have sufficient collateral based on our underwriting guidelines. Furthermore, there may be parameters with regard to the amount of collateral required to receive a loan or certain loan amounts as determined on a case by case basis.  There is no cost or obligation to apply or inquire about our services.  Services void where prohibited, and all transactions are subject to state and local laws.  Any loan, sale, or other financial transaction that consumer enters into with Parker Financial Services® or its affiliates may require consumer to grant Parker Financial Services® or its affiliates a right of first refusal in the consumer’s periodic payment(s).  If, and only if, the consumer decides to sell or take a loan against his/her periodic payment(s), this right of first refusal will require the consumer to offer Parker Financial Services® or its affiliates the chance to match or beat any offer made for the purchase, loan, or other transfer of the consumer’s periodic payment(s).  Certain services may not be available in all jurisdictions.  Loans are subject to a default interest rate of the lesser of eighteen percent per annum or the maximum interest rate provided by applicable state law.

Nothing contained on this website is intended to serve as legal, tax, or financial advice. Independent legal, tax, and financial advice should be sought from lawyers, accountants, and financial experts, as appropriate.

The articles and information available on this website, whether created internally or by unaffiliated third parties, are provided by Parker Financial Services® as a convenience, without representation or warranty of any kind including, but not limited to, any express or implied warranty.  Although the articles and information made available on this website have been done so by Parker Financial Services® in good faith, Parker Financial Services® does not warrant the correctness thereof.  Each visitor should consult multiple sources of information to better ensure the accuracy of all facts with which he or she are concerned.

Parker Financial Services® is a trade name of Seneca One, LLC. a wholly owned subsidiary of Seneca One Finance, Inc.

For California Residents Only: All loans in CA will be processed through Freedom First Capital, LLC, an affiliate of Seneca One, LLC. In California, Freedom First Capital, LLC is a licensed Finance Lender – Financial Services Division of the California Department of Corporations, (866) 275-2677, License No. 603B210.

In all states except California, loans will be processed through Seneca One, LLC. Seneca One, LLC is a licensed consumer lender, Maryland Department of Labor, Licensing, and Regulations – Lic. Reg. Cert. No. 1054. Seneca One’s physical and mailing address is 7920 Norfolk Avenue, Suite 300, Bethesda, Maryland 20814.

Structured Settlement

Structured settlement advances are subject to (1) Parker Financial Services®‘ confirmation that consumer is receiving structured settlement payments on a tax free basis that have not been previously sold (the “periodic payments”), (2) consumer entering into an agreement to sell, transfer, or assign all or a portion of the periodic payments to Parker Financial Services® pursuant to the applicable state transfer statute (the “Assignment Agreement”),  (3) determination by Parker Financial Services® that the facts surrounding the consumer’s decision to sell the periodic payments serve as sufficient justification for the transaction contemplated by the Assignment Agreement (the “Transaction”) and that such Transaction would likely be approved by a court of competent jurisdiction, (4) consumer executing and returning to Parker Financial Services® all ancillary documents required by Parker Financial Services® to process the transaction, (5) Parker Financial Services® reasonably determines the issuer and owner of the annuity policy under which the periodic payments are made are not in liquidation or receiverships, and otherwise have the financial wherewithal to timely make the periodic payments, and (6) Parker Financial Services®‘ underwriting guidelines in effect from time to time (collectively, the “Transaction Requirements”). Final discount rate, amount of transaction and approval of transaction will be determined on a case-by-case basis. The amount of the advance will vary based on the terms of and circumstances surrounding the Transaction. Larger advances may be available on larger transactions and for repeat customers. Advances may be paid in increments up until the funding of the assignment transaction. The advance is not a loan, it is an advance against an assignment transaction.  Consumer is only required to repay such advance out of the purchase price paid to such consumer upon the funding of the assignment transaction contemplated in the Assignment Agreement.  Upon funding of such transaction, an amount equal to the advance will be deducted from the purchase price and paid to Parker Financial Services®.  If the Transaction does not fund, for any reason, then consumer shall have no obligation to repay such advance.  Consumer will receive a 1099 for any advance not repaid, and consumer should consult with a tax advisor with respect to any tax consequences. Services void where prohibited, and all transactions are subject to state and local laws. Certain services may not be available in some jurisdictions. Parker Financial Services® does not provide legal, tax, or investment advice.  Consumers should obtain independent legal, tax, and investment advice in connection with any advance or sale transaction.

All inquiries should be sent to Parker Financial Services® at 7920 Norfolk Avenue, Suite 300, Bethesda, MD 20814.

Parker Financial Services® is a trade name of SenecaOne, LLC. a wholly owned subsidiary of SenecaOne Finance. Inc.