Punch Associates, a network of debt consolidation service companies, has come into the news for offering a poor debt consolidation service to its clients. Punch Associates loan programs have been introducing a lot of financial trouble in the lives of people by increasing the financial burden on their shoulders.
Due to the poor financial services, Punch Associates is getting a lot of negative reviews and customer complaints from different corners of the world. Punch Associates contacts people through direct mail and choose the people with low credit scores to make them fall victim to its debt consolidation programs.
People have registered their complaints against Punch Associates for its aggressive sales team and poor customer support service. Punch Associates convinces people by luring them to offer debt consolidation loan at a low-interest rate. But the result comes to be different and customers end up paying a high amount of debt due to false financial business practices of the company.
Instead of easing out the financial situation of people, Punch Associates loan programs have led to an increase in the debt of customers on a large scale. In addition to this, the network of companies also charges additional fees while offering debt consolidation loans to its customers.
