6 Ways To Ease Your Holiday Budget Worries

 

STATEN ISLAND, N.Y. – Holiday shopping can be both emotionally and financially stressful. Victory State Bank would like to remind you that a bit of planning can go a long way.

 

The Consumer Financial Protection Bureau recommends the following tips to help ease your holiday budget worries:

Start by creating a holiday spending plan. Decide how much you can afford to spend this season. Include gifts, travel, parties, decorations, and any other holiday expenses. Consider discussing the plan with your family members. Look at how much you’ll earn between now and the holidays and determine how much you’ll need to set aside each paycheck to save the amount you need.

Make a list of the people you’re giving gifts. Decide how much you can spend on each one. If you have specific gifts in mind for each person, start comparing prices online and keep an eye out for discounts and sales.

Keep track of what you spend. If you find that you don’t need to spend as much as you thought in some categories, shift the extra funds to others. Or, save the money and give yourself the gift of a head start in the New Year.

Avoid impulse purchases. Instead, make a note of the product, where you saw it and how much it was. Consult your spending plan, and, if there’s room, return for the purchase. Using cash, like three quarters of Americans say they do for most of their holiday purchases, can also help you avoid splurges, as well as potentially costly fees or interest from debit cards, credit cards, layaway, or store financing.

Leave your credit cards at home unless you know you need them for a specific purchase and you have a specific plan to repay the debt.

Check the details when purchasing a gift card. Any fees that may be imposed in connection with the card will be provided on or with the card. Dormancy, inactivity and service fees (that is, fees for using or not using the card) are not allowed unless you don’t use the card for a year. If the card has an expiration date for the funds, it will also be listed on the card.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online https://www.victorystatebank.com/

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Victory State Bank Reminds You of Your Credit Rights

 

 

STATEN ISLAND, N.Y. --Victory State Bank would like to remind you that the Credit Repair Organization Act (CROA) makes it illegal for credit repair companies to lie about what they can do for you, and to charge you before they've performed their services.

  • This law, which is enforced by the Federal Trade Commission, requires credit repair companies to explain:
    • Your legal rights in a written contract that also details the services they'll perform
    • Your three day right to cancel without any charge
    • How long it will take to get results
    • The total cost you will pay
    • Any guarantees
  • What if a credit repair company you hired doesn't live up to its promises? You have some options.
    • You can sue them in federal court for your actual losses or for what you paid them, whichever is more.
    • You can seek punitive damages — money to punish the company for violating the law.
    • You can join other people in a class action lawsuit against the company, and if you win, the company has to pay your attorney's fees.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

Web: www.RelevantPR.com

Mobile: 917-715-8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Victory State Bank Highlights 5 Cyber Monday Safety Tips

 

 

STATEN ISLAND, N.Y. – Are you hitting the web for Cyber Monday? Victory State Bank would like to provide you with five tips to ensure you have a successful cyber shopping trip.

The Federal Trade Commission recommends the following to find the best deals safely:



  • Read reviews. Type the name of the product or company into a search engine along with words like “review,” “complaint,” or “scam.” Be sure to read a few reviews — don’t rely on just one source.
  • Look for coupon codes. Search the store’s name with terms like “coupons,” “discounts,” or “free shipping.”
  • Know the terms. Find out what the refund/exchange policies are, and if there are any charges (like shipping costs or restocking fees) if you return a product.
  • Pay by credit card. Credit cards give you protections that other methods of payment may not. If there’s a problem, you have the right to dispute charges and temporarily withhold payment while your dispute is investigated.
  • Use secure checkout. Before you enter your credit card information online, check that the website address starts with “https”. The “s” stands for secure.  If you don’t see the “s,” don’t enter your information.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Victory State Bank Advises Caution

Toward Medicare Part D Solicitations

 

STATEN ISLAND, N.Y. – Victory State Bank and the Centers for Medicare & Medicaid Services, the agency that runs the prescription drug program, want you to know how to protect yourself and your personal information as you make important choices about your health care coverage.

To protect consumers, the law is very specific about what Medicare prescription drug plan providers may and may not do. For example:

  • Medicare Part D plan representatives may not market through unsolicited contact, including:
    •  Telemarketing calls, including voice mail messages;
    •   Emails or texts;
    •   Door-to-door solicitations, including leaflets or flyers at your home or car;
    •   Approaching you in common areas, like parking lots, hallways, lobbies, and sidewalks.
  • Medicare Part D plan representatives may enroll you on the phone only if YOU call them. You can be on the safe side by calling Medicare first (toll-free at 1-800-633-4227 — 1-800-MEDICARE) to verify the legitimacy of any provider you may be tempted to call. TTY users should call 1-877-486-2048. The Medicare phone line runs 24 hours a day. Medicare doesn't recommend any particular prescription drug plan; it simply verifies that a provider is legitimate.
  • Providers may come to your home only if you have invited them to do so.
  • Providers may ask you how you want to pay your premiums, but they may not ask you for payment on the phone or through the internet.
  • You may set up a direct payment plan if you want to, but the provider first has to mail you the information to do so.
  • Legitimate providers will not charge you any fees to enroll in a plan. 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://relevantpr.com/

Mobile: 917 715 8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

 

Shopping For An IP camera? Victory State Bank

Shares This Advice: View Security Features as Top Priority

 

 

 

STATEN ISLAND, N.Y. – For many business and homeowners, the use of IP cameras is on the rise. Victory State Bank would like to provide the following safety advice from the Federal Trade Commission.

An Internet protocol (IP) camera lets you monitor your home or business using software that connects it directly to the Internet. Unlike a webcam, it doesn’t need a computer to transmit video online. 

But if the IP camera you buy doesn’t encrypt the information it sends, other people could access and view your feed. Put simply, you could be hosting the world’s biggest open house!

When you’re shopping for an IP camera, you’ll want to put security features at the top of your list of priorities.  

Secure Wireless Transmission

An IP camera in your home sends its feed to your home wireless router. A good wireless security protocol helps secure your video feed as it travels to the router. Look for a camera that supports current wireless security protocols, like WPA2.

Secure Internet Transmission

If you access your camera’s video feed remotely, your camera will send information beyond your home wireless router via the Internet.

Not all cameras provide the same levels of security for this. Look for one that encrypts your information, including your username, your password, and the live feeds.

Check the label on the box or read online, or contact the manufacturer directly to see if the camera uses SSL/TLS, or some other industry standard, to protect your information in transit. If your camera uses SSL/TLS to protect your login credentials, the URL for the camera’s login page should begin with https (the “s” is for secure).

Multiple Users 

If you plan to allow several users to access feeds from the camera, consider a camera that allows for different levels of access.

For example, some cameras offer separate settings for administrators, who can make remote changes to settings like creating new accounts, setting passwords, and changing the direction the camera faces or the camera’s zoom function. Other cameras allow you to restrict when certain users can access the camera: You may want a friend to check on your home when you’re away, but not be able to access the camera when you’re in town.

 

 

About Victory State Bank

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.