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Poll: Americans Have $15B in Unused Gift Cards and Credits 

 

July 26th, 2021

"Adem Selita, CEO and co-founder of The Debt Relief Company, said some people just don’t want to deal with accounting for different cards and worrying about expirations and how or when to spend them.

If that describes you, he said, your best bet may just be to sell, donate or regift the cards or vouchers or credits."

If you sell them, he pointed out, you’ll typically lose 20 percent to 25 percent of the value but it’s one less thing to worry about it and you can use the cash to spend how you like, without any limitations."

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5 Ways to Slash Your Debt During the Pandemic 

 

August 18, 2020

Adem Selita, CEO & Co-founder at The Debt Relief Company, says: “The key thing to understand is that during a recession, consumers have more power and leverage than they would otherwise. What does this mean for consumers? It means you should reach out to your credit card companies directly and negotiate better repayment terms and better interest rates. Since the odds of default are likely to increase during the recession, credit card companies are much more willing to work with you.”

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14 Financial Tips to Meet Your Financial Goals in 2021 

December 23rd, 2020

Credit-card debt is a slippery slope in the best of times. And when the economy is uncertain, it’s best to avoid using credit cards as much as possible. “It’s never advised to spend money you don’t have via revolving lines of credit. And psychologically making purchases via most credit cards makes us a lot less frugal and undisciplined,” says Adem Selita, CEO and co-founder of The Debt Relief Company. “Considering that interest rates are near all-time lows, paying 20% or more on credit-card debt is a terrible financial decision to make.”

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How to Invest in Penny Stocks 

November 18th, 2020

Find stocks that have high trade volumes so you can sell easily. Adam Selita, CEO of the Debt Relief Company notes, "less than a million shares traded daily is a red flag." The most credible information on a company will come from SEC filings — or an analyst report published by a reputable brokerage, investment firm, or independent financial-research firm. 

Be skeptical of any unsolicited contact, like cold emails or telemarketing calls. Similarly, don't trust stock picks and recommendations from sponsored content you see published on the web. Selita notes that lots of sponsored content on a certain firm may indicate that insiders are planning on dumping the stock after its price rises. If the promotional material says "pennies to dollars instantly!"— run. 

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Popular Money Rules You Should Stop Following

February 18th, 2021

“It’s safe to say many investment and savings rules no longer apply in the current economic climate,” said Dino Selita, president and co-founder of The Debt Relief Company. “Things have changed significantly for many consumers and I feel sticking to a rigid rule of thumb for allocation of cash is an old idea that does not reflect the dynamics of a consumer living today. Some consumers are saving more since the pandemic while others are not. Things have changed significantly and due to this, it’s best for consumers to adapt alongside their budget.”

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In a Hyper-Competitive Housing Market, Down Payment and Credit Score Are Critical — Here’s Why

May 11th, 2021

“There are a multitude of borrowers with good credit right now. Due to this, it’s become that much more important to stand out as a borrower and maintain great credit and a great balance sheet,” says Adem Selita, CEO and co-founder of The Debt Relief Company.

“Make sure you get your DTI as low as possible. The easiest way to do this is by paying off smaller balance loans and obligations that may be negatively impacting your monthly expenses and therefore your DTI,” explains Selita. “The accounts that will most likely be the culprit in this scenario are credit card accounts, personal loans, student loans, and auto loans. If you have any of these types of accounts and they’re relatively close to being paid off, take some extra cash to pay these down completely. This will lower your DTI and as an added benefit boost your credit score.”

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If You Can’t Pay All of Your Bills, Here Are the Ones to Put on Hold First

June 17, 2020

"As a general rule, your first priority should be to make payments on your secured obligations, like your mortgage or auto loan, explains Adam Selita, CEO of the Debt Relief Company. Many creditors are offering assistance during this time, he says, so it’s important you can communicate with any of your lenders or providers before you fall behind on payments."

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How Each Generation Has Been Affected Financially By the Pandemic

March 17, 2021

“During the most recent pandemic, Gen X and boomers saved the most,” said Dino Selita, president and co-founder of The Debt Relief Company. “Although the percentage of income saved has undoubtedly decreased since then, both generational groups understood that saving is vital during times of uncertainty and economic slowdown. In this regard, both groups can be quite conservative when the going gets tough.”

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7 Steps to Make Your Business Less Likely to Fail

March 19th, 2020

"I am a founding member and the current CEO of The Debt Relief Company, a New York-based debt relief company that helps Americans become debt-free across a majority of the United States. We provide our clients with debt relief options and strategic solutions to their financial burdens by consolidating their high-interest credit card and personal loan debt into more manageable payments. However, getting to this point was no easy feat. It took years of struggle, sacrifice and, well … failure."

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Courage is the Largest Prerequisite to Make Plans with Charlie Katz & Adem Selita

September 15th, 2020

“Courage is the largest prerequisite to make plans when the future is so unpredictable. Courage is a mission-critical quality in that any great leader which is an exemplary of courage knows how to guide their team into the unknown and portray a semblance of confidence and aptitude, even if they are unsure of themselves and the path they are headed towards. A leader should exude courage in all that they do, but most importantly in their ability to lead their team into the unknown and become a coach to those around them."