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To qualify for the TFC Title Loans Scholarship you must be enrolled in an accredited undergraduate creditable college/university.
You will be submitting 900-minimum- word essay about “My New Business Endeavor” 2019 Scholarship Topic: Pitch us a business plan for a sensational new business endeavor that you consider would be profitable.
Submit via email along with the selected materials.
Along with your essay, please include:
Send all materials to [email protected]
According to the business magazine Entrepreneur, as you move into adulthood your credit score replaces your SAT score as the number that defines you to institutions. As a current college student, you know all too well how it feels to be judged based on a number.
This does not end after you finish college. Those who have high credit scores have no trouble finding funds when they are in need but many are not so lucky.
Every week low credit scores lead to thousands of people being turned away from traditional lending. There has been an array of lending programs built over the years for individuals with poor credit. Most of them have higher interest rates to compensate for the credit risk posed by a subprime borrower.
People with poor credit get into situations where they need emergency funding just as often as people with perfect scores. History has shown there is a need for sub-prime lending; however, the risk is on both sides.
In the sub-prime market, higher interest rates and unexpected financial circumstances (unemployment, divorce, medical emergencies) can lead to the consumer’s inability to repay the loan on nearly 10% of all loans issued. On the reverse, the lender needs to charge higher interest rates to combat this loss in the capital and support its overhead.
Andrew Ferrante – Clemson University
Matthew Thomas Frost – Cal Poly San Luis Obispo
TFC Title Loans is a title loan lender based in Los Angeles, California since 1994 they have been helping people with bad credit obtain the emergency money they need faster than any other lender.