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Totem Customers Cash In Used Cellphones to Avoid Financial Crisis

  (August 08, 2011)

San Diego, CA (PRWEB) August 08, 2011

With the recent lifting of the U.S. federal debt ceiling, and now the stock market suffering its most severe losses since 2008, American investors are scrambling to hang on to the money they do have. And, with unemployment numbers hovering at 9.1% percent nationally, many Americans are relying on their credit cards get them through the slump. MasterCard, which was only one of a handful of companies to advance on the stock market, reports that its stock has risen 8.5 percent as customer spending spurred a 30 percent profit.

Fears of backsliding into another recession have caused many consumers to take stock of their assets. One important resource that can provide access to quick cash that most people overlook is their outdated electronics. offers an immediate way for consumers to liquidate their old phones for cash, issuing payment to its customers in as little as two to three days via PayPal or a mailed check.

Totem is currently accepting a wide array of used cell phones from some of the most well-known names in the industry, including iPhone, BlackBerry, HTC, Motorola, Nokia and Samsung. As the leading online provider in the mobile phone buyback industry, Totem is dedicated to offering its customers fair, competitive prices for their used technology, whether it is in mint condition or has been damaged by water. Totem also provides some of the highest returns on investments, outbidding its competitors on popular models like the iPhone 4 by nearly 65 percent.

As the stock market continues to fall, with the Dow Jones Industrial Average witnessing its longest slump since 1978, and as unemployment rates rise and the federal government goes deeper in debt, consumers still have an opportunity to make sure their personal finances do not drive them to take desperate measures, such as unloading stocks or dipping into a 401k.

Totem is committed to providing the highest quality buyback program in the industry, while remaining true to its values of social responsibility. The companys expert team of resellers, refurbishers and recyclers work diligently to ensure that consumers have an easy, efficient method to dispose of their old technology in a financially lucrative, yet environmentally friendly manner.


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