For Immediate Release
January 26, 2015
Jennifer Morneau, TD Bank
Web Site: http://www.tdbank.com/
CORAL GABLES, Fla. (January 26, 2015) TD Bank, Americas Most Convenient Bankreg;, has named Ana A. Osteen as Senior Vice President, Market Commercial Credit Manager for South Florida. Based in Coral Gables, she is responsible for overseeing commercial credit management in Miami-Dade, Broward and Palm Beach counties.
Osteen has more than 25 years of banking, lending and credit experience. Before joining TD Bank, she served as Chief Credit Officer at Apollo Bank, and in commercial credit and lending at Bank of America, Northern Trust Bank and Wells Fargo Bank (formerly First Union Bank).
A Miami resident, Osteen serves on the faculty in the Continuing Education Program at Miami-Dade Community College and volunteers with the South Florida Digital Alliance. She received an MBA from Florida International University and an undergraduate degree in Accounting from the University of Miami.
About TDBank, Americas Most Convenient Bankreg;
TD Bank, Americas Most Convenient Bank, is one of the 10 largest banks in the US, providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro DC, the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealthreg;, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, NJ To learn more, visitwww.tdbank.com. Find TD Bank on Facebook atwww.facebook.com/TDBankand on Twitter atwww.twitter.com/TDBank_US.
TD Bank, Americas Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol TD. To learn more, visitwww.td.com.
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Theres little doubt that Americans with higher credit scores get better deals on core consumer items like mortgages, auto loans and credit cards.
In many cases, you might be getting those good credit benefits without even knowing it. In the credit management game, experts calls that accidental improvement of your credit - and yes, theres nothing wrong with benefitting from financial moves youre not totally aware of, as long as you do learn how to turn accidental into intentional eventually.
Part of the problem is it can sometimes be difficult to understand exactly what goes into your credit report - and how that translates into a credit score.
Hence the often-accidental nature of consumers credit score management, sometimes to their benefit. Here are seven examples of unintentional financial moves consumers make that can boost their credit scores.
KEEPING OLDER CREDIT CARDS ACTIVE
You might not realize it, but maintaining older credit cards instead of canceling them works out to your credit benefit. Why? Because creditors love consumers who dont appear to need credit. And keeping an old credit card active, but not using it, is a good example of that mindset.
YOU DONT APPLY FOR CREDIT A LOT
When you apply for credit and a lender reviews your credit report, you accrue an inquiry. If you rack up too many of these, many lenders will be wary of offering you a new line of credit. So by not applying for credit - and keeping your hard inquiries low - youre boosting your own credit score.
YOU DONT USE PREAPPROVED CREDIT CARDS
If you have a history of accepting preapproved credit cards, your credit score might be lowered. Why? Every time you fill out the application for a card thats preapproved, the credit issuer will still pull your credit report. And thats another inquiry.
YOU DONT ACCUMULATE HIGH BALANCES ON YOUR CREDIT CARD
If you dont use your credit card that often, you probably dont have a high balance on it. That helps boost your credit; even if youre making minimum payments, carrying a high balance hurts your credit utilization ratio - and thats 30 percent of your credit score. Keep a low balance - better yet, pay off your bills every month - and youll be helping your score.
YOURE PIGGYBACKING OFF A FAMILY MEMBERS GOOD CREDIT
Credit scoring agencies are okay with you piggybacking off of your mom or dads good credit - or any family members good credit, for that matter. And if youre added as the name on an account thats been in good standing for a while, all that positive credit will be reflected on your report.
YOUVE AUTO-SCHEDULED YOUR MONTHLY BILL PAYMENTS
Maybe youve scheduled auto payments for monthly bills, like your car or mortgage loan, or a utility bill. Thats a big plus for your credit as well as your household budget - you wont be missing payments, so your credit score will stay intact.
YOU CHECK YOUR CREDIT REPORT REGULARLY
By reviewing your credit score once or twice a year, youre helping your credit health. Thats because a good review of your recent credit history can show mistakes and errors that are hurting your score - and by fixing these, youll boost your score. Visit CreditRepair.com for a free copy of your TransUnion credit report and score. If you notice inaccuracies on your report, the credit repair services can help you get back on track.
Brian OConnell writes for GOBankingRates.com (), a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt.
Anachron Order2Cash solution was adopted by more than 130 companies across Europe in 2014. Launched in November 2013, InvoicePortal is a unique end-to-end order to cash solution, combining credit management, financing, e-Invoicing and document management services. These are the things Anachron has built its reputation on.
Utilizing its powerful credit management functionalities can also help customers to quickly inform their business decisions, minimize risk and accelerate their entire receivables process. Connecting buyers and suppliers through that same solution makes it easier for companies to forge deeper, stronger business relationships. This helps them to save costs across their organization, reduce Day Sales Outstanding and improve their bottom lines.
Frank Hoekstra, CEO at Anachron:
"InvoicePortal's first year has been a resounding success. Customers are attracted to the platform because of its complete range of receivables focused functionality, combined with the high level of service we are renowned for. As a fully featured cloud based platform it provides businesses with instant access to the tools they need to fulfil their business objectives."
"We are delighted with the rate of adoption InvoicePortal is witnessing. Customers will be excited by our continuous development plans for the platform, which include expanding our connections to a variety of B2G roaming networks in 2015 and much more. As its impact widens, we look forward to continued and greater success for this truly ground breaking platform."
More information on InvoicePortal can be found at www.invoiceportal.com
As part of an ongoing commitment to programs that give people the confidence and tools they need to budget, save and invest, Charter One is now accepting applications from nonprofits for financial literacy programs that teach good financial practices. Charter Ones parent company, Citizens Financial Group, announced earlier this year that Charter One will be renamed Citizens Bank by mid-year 2015.
Through Jan. 30, organizations in Michigan and throughout the banks 11-state footprint are invited to submit an application for up to $50,000 in funding as part of the banks Citizens Helping Citizens Manage Money program. Eligible Financial Literacy Activities include: Basics of banking and asset building; Budgeting; Homeownership counseling; Foreclosure prevention; Credit management and repair programs and Financial management for small businesses.
In 2014, Citizens awarded 108 nonprofit organizations more than $1.7 million in contributions through the Citizens Helping Citizens Manage Money financial literacy initiative. In addition to providing funding, Citizens Financial Group colleagues facilitated financial literacy workshops and the program included a social media initiative to celebrate Money Mentors, and an online financial literacy resource center dedicated to encouraging healthy financial habits.