Has anyone heard of J D H Associates from NJ? This is a debt consolidation company.?

Question

I was recently contacted by a firm identifyng themselves as J D H Associates from Timpton Falls, NJ. They offered to eliminate my credit card debt in 18 months. Their charge would be .15 on the dollar and claimed that they could get the credit card company to accept .55 for every dollar I owed. This would eliminate 30% of my debt. Has anyone dealt with this company? Can they do what they say they can? Is there a way to check out their legitimacy?

Answer 1

Do you need to check the legitimacy of a company that cold calls you out of the blue with an offer that sounds to good to be true?

If your seriously in trouble, you can call your credit card company for free, they most likely will be willing to work with you to set up a payment plan, reduce interest, or in some cases, they may offer to forgive part of your debt after you pay off part of it. They would much rather write off half your debt than all your debt.

Answer 2

Yes they can do what they say, I work for the actual office in Scottsdale that does the negotiations. In most cases we actually settle for less then 55%.