SAN FRANCISCO, Sept. 15, 2021 /PRNewswires/ – Mission Lane, a financial-services company, today named Shane Holdaway its new CFO and COO. In order to fill the role of CFO and COO, Holdaway will be taking over the role of Chief Executive Officer. He will report to founder and CFO John C. Fisher. Before joining the company, Holdaway served as Senior Vice President, Chief Financial Officer and CFO for BankFirst Mortgage, where he was responsible for BankFirst's HomeLoan and Secure Credit Card Business.
The company's mission is “to partner consumers with powerful financial tools so they can live more financially abundant lives,” according to its web site. In particular, the company offers its members access to a credit education and credit card application developed by Visa, MasterCard and American Express. Members are then assigned a personal counselor who helps them develop a sound financial strategy and develop an appropriate personal credit score, all of which is necessary if they wish to become successful business owners.
The credit education and application module in the Mission Lane app are very user-friendly. The app contains basic financial tools such as budgeting tools, tips on increasing your credit score, investment advice, investing tips, and information on how to choose the right home loans and credit cards. The credit education section includes special reports such as “The Basics of Increasing Your Credit Score,” “A Simple Guide to Credit Education,” and “Tips on How to Use Credit Education Programs to Improve Your Credit Score.” The application will also include an emergency savings account that is designed to help members manage their emergency needs without affecting their monthly cash flow. The program also provides valuable information on building a savings account and finding insurance that fit your budget.
The credit card application can be accessed through the iPhone or iPad. The application works similarly to the ones used by major banks and financial institutions including Citibank, Chase, Bank of America, Discover and Wells Fargo. Users enter their contact information and the name of the recipient. They can also choose to add up to five credit cards that they currently own. Once complete, the users have the option to apply for a credit card from a U.S. merchant, which allows them to build their credit scores and receive introductory offers for credit cards from other companies. They can also apply for a prepaid debit card or set up a direct deposit into their accounts.
Applying for a credit card and following the application process does not guarantee approval. To get the best chance of approval, it is important to follow the application process to the letter. It is important to pay all bills on time and pay off any debts that may have accumulated. The more organized and responsible, the user is about paying back payments, the better the credit score and the higher the . . . . . . credit scores of their children will be. This is also beneficial to parents who want to help their children better manage their finances. Both parents and children can use the credit cards to build or rebuild their credit scores.
There are many perks to owning a cell phone. It could help parents monitor where their children are or get in touch with a relative during an emergency situation. The device could also allow students to stay in touch with their friends when away from home for college. Mission Lane cell phones give parents many of these same benefits along with improved communication while traveling or away from home. A family with Mission Lane cell phones could be a travel accident-free family. Parents could use the cell phones to keep communication lines open and to contact their relatives when they are in an emergency situation.