Victory State Bank Advises Writing a Letter

If A Company Disappoints You

 

 

 

STATEN ISLAND, N.Y. – Victory State Bank reminds you that you do not have to stay unsatisfied with a product or service you have paid for. Most businesses want to keep you happy so you'll keep coming back. If phone calls to a company do not correct the problem, a written letter can be a helpful next step.

 

The Federal Trade Commission recommends the following tips when writing a letter to a company.

 

  • Be clear and concise. Describe the item you bought and the problem; include serial or model numbers, and the name and location of the seller.

 

  • State exactly what you want done and how long you are willing to wait for a response. Be reasonable.

 

  • Don't write an angry, sarcastic, or threatening letter. The person reading your letter probably isn’t responsible for the problem, but may be very helpful in resolving it.

 

  • Include copies of relevant documents, like receipts, repair orders, and warranties. Keep the originals.

 

  • Provide your name, address, and phone numbers. If an account is involved, be sure to include the account number.

 

 

 

You may want to send your letter by certified mail and request a return receipt. You’ll have proof that the company got your letter and who signed for it.

 

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 Shares 4 Things You Need to Know About Repaying Your Student Loans

 

 

STATEN ISLAND, N.Y.After college, understanding student loan repayment can be a grey area for many graduates. Victory State Bank, along with the U.S. Department of Education, would like to provide you with the following information to help with this process.

When do I begin repaying my federal student loans?

You don’t have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment. Many federal student loans have a grace period. The grace period is a set period of time after you graduate, leave school, or drop below half-time enrollment before you must begin repaying your loan. The grace period gives you time to get financially settled and to select your repayment plan. Note that for most loans, interest will accrue during your grace period.

Your loan servicer or lender will provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment.

Whom do I pay?

The U.S. Department of Education uses severalloan servicersto handle the billing and other services onfederal student loans. Your loan servicer will work with you to choose a repayment and will assist you with other tasks related to your federal student loans. It is important to maintain contact with your loan servicer and keep your servicer informed of any changes to your address, e-mail, or phone number.

How much do I need to pay?

Your bill will tell you how much to pay. Your payment (usually made monthly) depends on

§  the type of loan you received,

§  how much money you borrowed,

§  the interest rate on your loan, and

§  the repayment plan you choose.

You can use ourrepayment estimatorto estimate your monthly payments under different repayment plans to determine which option is right for you. Just remember, if you would like to switch repayment plans, then you must contact yourloan servicer.

What should I do if I’m having trouble making my student loan payments?

Contact your loan servicer as soon as possible. You may be able to change your repayment plan to one that will allow you to have a longer repayment period or to one that is based on your income. Also, ask your loan servicer about your options for a deferment or forbearance or loan consolidation.

 

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.

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 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.


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.