Victory State Bank Points to Reducing Direct Marketing Solicitations

 

 

STATEN ISLAND, N.Y.Victory State Bank knows that you may want to have your name removed from direct marketing lists. Direct marketing can become quite bothersome to uninterested consumers. Be aware, however, that if you purchase goods by phone or mail after your name is removed, it may be added again.

The Federal Trade Commission has provided the following information on having your name removed from direct marketing lists.

 

Telemarketing

The Federal Government has created the National Do Not Call Registry — the free, easy way to reduce the telemarketing calls you get at home. To register, or to get information, visit www.donotcall.gov, or call 1-888-382-1222 from the phone you want to register. You will receive fewer telemarketing calls within three months of registering your number. It will stay in the registry for five years or until it is disconnected or you take it off the registry. After five years, you will be able to renew your registration.

 

Mail

The DMA Mail Preference Service lets you opt out of receiving direct mail marketing from many national companies for five years. When you register with this service, your name will be put on a “delete” file and made available to direct-mail marketers. However, your registration will not stop mailings from organizations that are not registered with the DMA’s Mail Preference Service. To register with DMA, send your letter to:

DMAchoice
Mail Preference Service
PO Box 643
Carmel, NY 10512

Or register online at www.dmachoice.org.

 

Email

The DMA also has an EMail Preference Service to help you reduce unsolicited commercial emails. To “opt-out” of receiving unsolicited commercial email, use DMA’s online form at www.dmachoice.org. Your online request will be effective for one year.

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

www.RelevantPR.com

Mobile: 917 715 8761

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

STATEN ISLAND, N.Y. – The best way to protect yourself when buying or leasing a car is to Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing.

Victory State Bank, along with the Federal Trade Commission, would like to bring the following laws to your attention:

Truth in Lending Act — requires that, before you sign the agreement, creditors give you written disclosure of important terms of the credit agreement such as APR, total finance charges, monthly payment amount, payment due dates, total amount being financed, length of the credit agreement and any charges for late payment.

Consumer Leasing Act — requires the leasing company (dealership, for example) to disclose certain information before a lease is signed, including: the amount due at lease signing or delivery; the number and amounts of monthly payments; all fees charged, including license fees and taxes; and the charges for default or late payments. For an automobile lease, the lessor must additionally disclose the annual mileage allowance and charges for excessive mileage; whether the lease can be terminated early; whether the leased automobile can be purchased at the end of the lease; the price to buy at the end of the lease; and any extra payments that may be required at the end of the lease.

Credit Practices Rule — requires creditors to provide a written notice to potential co-signers about their liability if the other person fails to pay; prohibits late charges in some situations; and prohibits creditors from using certain contract provisions that the government has found to be unfair to consumers.
Equal Credit Opportunity Act — prohibits discrimination related to credit because of your gender, race, color, marital status, religion, national origin or age. It also prohibits discrimination related to credit based on the fact that you are receiving public assistance or that you have exercised your rights under the federal Consumer Credit Protection Act.
Fair Credit Reporting Act — Gives consumers many rights, including the right to one free credit report each year. It allows consumers to call one number to notify credit reporting agencies and credit card companies of identify theft. It also provides consumers with a process to dispute information in their credit file that they believe is inaccurate or incomplete.

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
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 Points to Charity Checklist


STATEN ISLAND, N.Y. – Victory State Bank commends those who choose to donate to charity. Today, there are many ways to donate; text message, over the phone, person to person, or via the internet. Unfortunately, this plethora of opportunity leads to a rise in scamming. The Federal Trade Commission has compiled a checklist to help ensure you are donating to reputable sources.

  • Ask for detailed information about the charity, including name, address, and telephone number.
  • Get the exact name of the organization and do some research. Searching the name of the organization online — especially with the word “complaint(s)” or “scam”— is one way to learn about its reputation.
  • Call the charity. Find out if the organization is aware of the solicitation and has authorized the use of its name. The organization’s development staff should be able to help you.
  • Find out if the charity or fundraiser must be registered in your state by contacting the National Association of State Charity Officials.
  • Check if the charity is trustworthy by contacting the Better Business Bureau’s (BBB) Wise Giving Alliance, Charity Navigator, Charity Watch, or GuideStar.
  • Ask if the caller is a paid fundraiser. If so, ask:
  1. The name of the charity they represent
  2. The percentage of your donation that will go to the charity
  3. How much will go to the actual cause to which you’re donating
  4. How much will go to the fundraiser
  • Keep a record of your donations.
  • Make an annual donation plan. That way, you can decide which causes to support and which reputable charities should receive your donations.
  • Visit this Internal Revenue Service (IRS) webpage to find out which organizations are eligible to receive tax deductible contributions.
  • Know the difference between “tax exempt” and “tax deductible.” Tax exempt means the organization doesn’t have to pay taxes. Tax deductible means you can deduct your contribution on your federal income tax return.
  • Never send cash donations. For security and tax purposes, it’s best to pay by check — made payable to the charity — or by credit card.
  • Never wire money to someone claiming to be a charity. Scammers often request donations to be wired because wiring money is like sending cash: once you send it, you can’t get it back.
  • Do not provide your credit or check card number, bank account number or any personal information until you’ve thoroughly researched the charity.
  • Be wary of charities that spring up too suddenly in response to current events and natural disasters. Even if they are legitimate, they probably don’t have the infrastructure to get the donations to the affected area or people.
  • If a donation request comes from a group claiming to help your local community (for example, local police or firefighters), ask the local agency if they have heard of the group and are getting financial support.
  • What about texting? If you text to donate, the charge will show up on your mobile phone bill. If you've asked your mobile phone provider to block premium text messages — texts that cost extra — then you won't be able to donate this way.

 

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

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 Points to Helpful Shopping Tips


With back to school shopping quickly approaching for elementary and college students alike, Victory State Bank knows the appeal of a good sale. These tips from the Federal Trade Commission will help you have a happy and cost-effective shopping experience.

  • Shop around. A “sale” price isn’t always the “best” price. Some merchants may offer a sale price on an item for a limited time; others may discount the price on the same item everyday. Having an item’s manufacturer, model number, and other identifying information can help you get the best price for the item you want.
  • Read sale ads carefully. Some may say “quantities limited,” “no rain checks,” or “not available at all stores.” Before you step out the door, call ahead to make sure the merchant has the item in stock. If you’re shopping for a popular or hard-to-find item, ask the merchant if he’d be willing to hold the item until you can get to the store.
  • Take time and travel costs into consideration. If an item is on sale, but its way across town, how much are you really saving once you factor in your time, your transportation, and parking?
  • Look for price-matching policies. Some merchants will match, or even beat, a competitor’s prices — at least for a limited time. Read the merchant's pricing policy. It may not apply to all items.
  • Go online. Check out websites that compare prices for items offered online. Some sites also may compare prices offered at stores in your area. If you decide to buy online, keep shipping costs and delivery time in mind.
  • Calculate bargain offers that are based on purchases of additional merchandise. For example, “buy one, get one free,” “free gift with purchase,” or “free shipping with minimum purchase” may sound enticing. If you don’t really want or need the item, it’s not a deal.
  • Ask about sale adjustments. If you buy an item at regular price and it goes on sale the next week, can you get a credit or refund for the discounted amount? What documentation will you need?
  • Ask about refund and return policies for sale items. Merchants often have different refund and return policies for sale items, especially clearance merchandise.


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

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 Points to The Lowdown on Credit Cards


STATEN ISLAND, N.Y. – Victory State Bank aims to help you to understand the ups and downs of applying for, and using, credit cards. The Federal Trade Commission offers these tips when journeying into the world of credit. 


Fact: Some marketers charge hefty fees for their cards without making it clear that these fees will be charged.

  • Follow-up: Many credit cards have fees. Read your credit card agreement carefully to make sure you understand all the fees associated with your card. You can use the Federal Reserve's consumer credit card agreements search to find general examples of the type and range of fees a credit card may have.

Fact: With some of these cards, your purchases are limited to over-priced merchandise from specialized catalogs. Even then, you’re not allowed to charge the total price of an item. Instead, you have to pay a cash deposit on each item you want. That is usually the same amount the catalog company paid for the product. Once you pay the deposit, you can charge the balance.

  • Follow-up: If a marketer promises that a card is accepted at certain retail chains, call the retailers to verify.

Fact: Signing up for these credit programs almost never improves your credit rating or gets you a major credit card.

  • Follow-up: Claims that paying for a credit card will improve your credit history can be misleading. There are no quick and easy solutions to a poor credit rating that’s based on accurate information. The best way to improve your credit record? Pay your bills on time.
  • Follow-up: If a marketer claims that information about you will be reported to credit reporting companies, call those companies to confirm that the merchant is a member. If the card merchant isn’t a subscriber to the credit reporting companies, they won’t be able to report information about your credit experiences.
  • Follow-up: The only major cards you usually can get through these marketers are secured. A secured card typically requires a security deposit in a bank account. The deposit may range from a few hundred to several thousand dollars. Your credit line is a percentage of the deposit — typically, 50 to 100 percent.

Fact: Advertising that the cards can be used to get no-fee cash advances can be misleading. In truth, the offer of a free cash advance may actually be from an unrelated payday lender for a short-term, high-rate loan that you could get without the promoter’s card.

  • Follow-up: Decisions about credit and loans involve lots of factors, including how much money you need, what terms you’re offered, and who is behind the offer.


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

www.RelevantPR.com

Mobile: 917‑715‑8761

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