Victory State Bank Shares Advice for Homeowners in Financial Distress

 

STATEN ISLAND, N.Y.  – If you are living in fear of losing your home, Victory State Bank wants you to know about a possible remedy.

If you are having financial difficulties -- due to a job loss, a higher mortgage payment, or any other reason -- you are not alone. 

The economic crisis has made it hard for many responsible homeowners to make ends meet.

According to the Federal Deposit Insurance Corp. (FDIC), the good news is that many people who were finding it difficult to make their mortgage payment have been able to save their home, and you can too.

 The FDIC warns that you could lose your home if you ignore the problem and do nothing. Get in touch with a counselor and your servicer (the company to whom you send your monthly mortgage payment) today.

In order to assist you, Victory State Bank is sharing the following helpful information from the FDIC:

Your Servicer Wants to Help

Your servicer wants to help you keep your home. Many servicers implemented new loan modification programs in 2009 to assist homeowners experiencing financial difficulties by lowering their monthly mortgage payments. Plus, many servicers are participating in the government's Making Home Affordable Program and are working with non-profit counseling agencies through HOPE NOW.

Contact Your Servicer Today

Many servicers have recently added new mortgage modification programs for home loans. Call your servicer even if your request has been turned down before, as you might qualify under a new program. Be patient and persistent if you don't reach your servicer on the first try, as other homeowners are seeking help as well. If you don't know who services your loan or how to contact them, check your mortgage statement or look on-line at http://HopeNOW.com/index.php.

Apply for a Loan Modification

In a mortgage loan modification, you and your servicer agree to permanently change one or more of the mortgage's terms to make the payments more manageable for you. The changes could include reducing the interest rate, extending the term of the loan, forbearing (interest free) or forgiving principal, or a combination of these factors.

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 Creative Ways

To Boost Your Business Revenue This Season

 

STATEN ISLAND, N.Y. – With people spending more time outdoors in the warm weather, Victory State Bank suggests marketing creatively this summer.

In the summer, your customers feel festive and ready to mingle. It is the perfect time for business owners to simultaneously have fun and bring in revenue. 

The Small Business Administration recently published an article by Rieva Lesonsky, community administrator, featuring creative ways for marketing efforts this season. Among her suggestions are:

Take part in a community event. Summer in most towns is packed with fun runs, street fairs, music festivals, outdoor movie nights, concerts in the park…you get the idea. Contact your chamber of commerce and your city’s parks and recreation department to find out what events are planned for the upcoming few months.

Host an event for your customers. Get creative with a barbecue or beach party for your best clients and prospects. If you own a retail store or restaurant, host a summer-themed event for your most loyal customers, like a special shopping night where they get to shop after the store is closed, or a special five-course dinner and wine tasting on a night your restaurant is usually not open.

Join with other business owners. If your business is in an area with lots of foot traffic, consider joining with the other business owners to hold a sidewalk sale or other outdoor event. Get with your chamber of commerce and plan how local businesses can attract foot traffic to the area.

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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


Victory State Bank Encourages Control Over Your Personal Finance

 

STATEN ISLAND, N.Y. – As your money is a huge determining factor in your life, Victory State Bank advocates for strategizing personal finance.

 

The fundamental concept of spending is to make a budget or a plan for using your money wisely.

Victory State Bank recently visited Mymoney.gov, which shares these actions:

  • Live within your means.
  • Be a smart shopper, and compare prices and quality.
  • Track your spending habits and develop a budget or spending plan.
  • Plan for short-term and long–term goals.

 Set the maximum amount. A good way to take control of your spending is to set a limit as to how much money you plan to spend each week or each month.

Track your spending. This may take a few weeks or months to get a handle on how you are using your dollar or cents. Look into using on-line systems or phone apps for keeping track of your spending.

Keep a strong shopping mind. Be careful not to let a sale or discount coupon persuade you to purchase something you don’t really need and that isn’t in your spending plan.

Plan a big purchase. Take time to comparison shop by checking prices at a few different stores via phone or online.

Victory State Bank invites you to take the challenge of taking control of your finances today to plan for a better tomorrow.

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

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 “Free” Trial Offer Warning


 

STATEN ISLAND, N.Y. -- The allure of “free trials” is often quite gripping. Victory State Bank would like to remind you that is important to do your due diligence before signing up for any offers from a company.

 

If you're interested in a particular product or service, trying before you buy might seem like a no-brainer. But what starts as a free trial — or for a very low cost — might end up costing you real money.

 

The Federal Trade Commission recommends doing to following before agreeing to any offers:

 

  • Research the company online.
  • Find the terms and conditions for the offer.
  • Look for who's behind the offer.
  • Watch out for pre-checked boxes.
  • Mark your calendar.
  • Look for info on how you can cancel future shipments or services.
  • Read your credit and debit card statements..

 

 

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 Lists 5 Ways

 To Get Your Consumer Voice Heard

 

STATEN ISLAND, N.Y. – When a product or a service you’ve paid for disappoints you, follow the coorect course of action, says Victory State Bank.

Don’t settle for a shabby performance; instead get your money back. Most businesses want to keep you happy so you’ll be a returning customer.

Victory State Bank points to the following strategies suggesested by the Federal Trade Commission:


Return to the store or Web site. You can solve many consumer problems by talking to a store employee, or if you bought the item online, by returning to the website. Do this as soon as possible because some retailers have time limits on returns and refunds.

Call customer service. You may need to speak to someone at the company’s national headquarters or to the manufacturer of the product. Many companies provide a toll free number or address for the customer service department on the product packaging, warranty or receipt.

Use social media. Many companies have people to monitor posts and complaints about their service on social media pages. Your post will be most effective if you use a reasonable tone and explain the problem clearly.

Write a letter. If a call doesn’t work, draft an effective complaint. Describe the item you bought and the problem; include serial or model numbers and the name and location of the seller.

Get Outside Help. If your letter doesn’t do the trick, file a complaint with your state and local organizations. It’s free of charge.

While under some circumstances there is no guarantee for a refund, Victory State Bank shares these tips so your voice as a consumer voice can always be heard.

 

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 Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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