Punch Associates is providing debt consolidation loan in the US. But the company is facing a tough time due to its unethical way of doing business. Consumers are not happy with the services being offered by the Punch Associates and are regretting to finance a loan through it. People who have taken the debt consolidation loan through the Punch Associates are now paying a higher interest rate on their monthly installments. The company is a part of a debt consolidation websites network which falls under the MHA Nation of North Dakota.
Punch Associates reviews are showing that the company is mostly trapping those people who already have a large debt burden. It is offering them a chance to get the debt consolidation loan at a low rate even if they have low credit scores. People are getting lured by these seemingly amazing offers and approving the debt consolidation loan through the company. But according to the people, the company has never provided good loan and has always tried to trap as many consumers as possible
The debt consolidation loan is not a bad way to clear all the debts through a single creditor. But it is due to some unfair lenders like Punch Associates, the whole debt consolidation industry seems bad. The finance experts in the US are suggesting people either to control their expenses or look for a better debt settlement loan provider. People in the US are not very careful about their money management, and food and living expenses are more as compared to income. These factors are pushing them to get trapped into the luring offers of wrong lenders.