The Ultimate Guide to Cobra Financial Solutions

Debt collectors can be scary, persistent and distressing to deal with, as their main aim isn’t to make friends, it’s to collect unpaid debt. So, if you have received a call, letter or email from Cobra Collections, you’re in the right place.

While the idea of having to deal with debt collectors may be a daunting thought, it doesn’t have to be as terrifying as it seems. Our Ultimate Guide to Cobra Debt Recovery will provide you with all the tips and advice you will need to handle repaying your debts with confidence.

Do you want a life without debt weighing you down? Do you want to finally get rid of nagging debt collectors? Are you ready to reduce your debt by up to 85%? If you answered yes to these three questions, then fill out our easy online form below.

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Stop hiding from your debt! We can help you handle your debt today, so you can enjoy a worry-free life tomorrow.

Who is Cobra Financial Solutions?

Cobra Financial Solutions is a debt recovery company, based in the UK.

They work with companies whose debtors are withholding payments or refusing to pay.

They send a team of professional recovery agents to make quick and easy payments, using body camera technology to record all interactions with the debtors.

Cobra self proclaims to be the UK’s fastest-growing debt collection agency, boasting about their stress-free debt recovery techniques.

You can read more about Cobra on their website.

Where are Cobra Financial Solutions based?

Cobra Debt Recovery is based in the UK, and have been working nationwide since 2009.

They have offices in the Midlands, Wales, London, Devon, Cornwall and Peterborough.

How do I contact Cobra Financial Solutions?

You can call Cobra’s offices on the following numbers:

Cobra’s head office has the following contact details:

Is Cobra Financial Solutions a legitimate company authorised and regulated in the UK?

While it would be great if Cobra was a fake company, unfortunately, they are very much legitimate.

However, Cobra Financial Solutions Ltd isn’t regulated by the Financial Conduct Authority (FCA), which means they don’t have to follow the rules which most debt collection agencies adhere to.

They are still prohibited from harassing or abusing debtors, keep reading to find out what you can do if you feel Cobra have behaved in an unfair manner.

If you receive any form of communication from Cobra, we would advise speaking with a debt advisor and responding to Cobra’s contact as soon as possible.

How does Cobra Financial Solutions Ltd operate?

Most debt collection agencies use letters and calls as their primary form of contact with debtors, however, Cobra has a more hands-on approach, favouring face-to-face collections.

Cobra tends to visit debtors within 48 hours of order, so, they are proactive in sorting a home visit.

They use body camera technology to record all of their interactions with debtors; this is so they can provide their clients with video evidence of all visits.

Cobra shouldn’t visit your home before 8 AM as it is expected that debt collection agencies don’t make attempts to visit or call at unreasonable hours.

There have been various reports that Cobra make visits at 7 AM.

Keep reading if you want to learn how to make a complaint about Cobra Financial Solutions.

What legal powers does Cobra Financial Solutions have over me?

Cobra Financial Solutions, as with all debt collection agencies, only holds the same legal powers as the original company to which you owe the debt, so the extent to what they can do in regard to collecting the owed money is limited.

What can Cobra Financial Solutions do?

  • Send letters directly to your home address.
  • Contact you via phone or email.
  • Visit your home address to try and acquire payment.
  • Apply for a County Court Judgement (CCJ) which can allow legal bailiffs to claim your possessions.
  • Wear body camera technology to record any interactions with debtors.

What can’t Cobra Financial Solutions do?

  • Contact or visit you at your workplace.
  • Visit your home without providing written notice.
  • Take payment from you without first gaining your consent.
  • Speak about details of your debt with anyone other than yourself.
  • Pretend they have legal powers which they do not actually hold.

Read on to find out what you can do if these rules are broken by Cobra Financial Solutions. 

What if Cobra Financial Solutions breaches regulations?

If you feel Cobra Financial Solutions has breached any regulations or if you have found their service to be unacceptable, then you can follow their personal complaints procedure.

Cobra asks that you email [email protected] with the subject as ‘complaint’ or send a letter to Aintree Building, Aintree Racecourse Business Park, Aintree, L9 5AQ, detailing your concerns.

Cobra Financial Solutions will then have 4 weeks to find a full resolution for your complaint.

If you would like to read more information on Cobra’s complaints procedure, then click here.

On Cobra’s website, they state that they are always keen and eager to find a resolution for any disputes there may be, however, if the resolution they provide doesn’t seem adequate, there are other companies to which you can escalate the matter.

The Financial Ombudsman Service (FOS) will deal with complaints between financial businesses and consumers.

If you would like to read more information on The Financial Ombudsman Service’s complaints procedure, then click here.

Cobra Financial Solutions has a Trustpilot rating of 4.9 out of 5.

However, Cobra has been known to chase people who have left a bad review and there have been reports of Cobra threatening police action against the bad reviewers.

So, be careful not to make any false claims online or you can expect a similar fate!

What if I cant afford to pay back a debt?

Debt collection agencies are entitled to give debtors a sufficient amount of time to explore their options for repayment and assess their financial situation.

Cobra Financial Solutions may allow a repayment plan to be set up, which will allow you to pay smaller instalments each month until your debt has been paid in full.

If you are having difficulties with paying your money back, Cobra request that you get in touch with them, as they are here to help the debtors, as well as their clients.

You can contact Cobra following this link.

We would also advise speaking with an experienced debt advisor if you are experiencing any issues or concerns about repaying your debt.

Continue reading our Ultimate Guide to Cobra Financial Solutions if you want to find more information on debt advisory services. 

Can pay but won’t pay?

If you are sure that the debt Cobra is trying to claim is yours, and you have the funds available to repay the debt, then we would highly recommend paying.

You can’t ignore debt collection agencies and Cobra’s website even states that they never give up, and your situation will continue to get worse.

  • Your debt will continue growing.
  • Your chance to arrange a payment plan will be lost.
  • Legal action may be taken.

So,  if you want to avoid continuous dealings with debt collectors, pay up!

How to deal with debt collectors

Debt collectors can be intimidating, aggressive and overbearing in their attempts to chase the owed money.

If you miss a payment or ignore their communications then you can expect persistent calls, letters and emails, highlighting the debt which is waiting to be paid.

Constantly having to deal with debt collectors can take a toll on an individual’s mental state, but there are many ways to find help.

Here are our tips for dealing with debt collectors:

  • Openly communicate, don’t ignore them.
  • Double-check the debt you owe is definitely yours.
  • Allow some time to assess your finances and create a payment plan.
  • Speak with an experienced debt advisor if you have any concerns.
  • Update your credit file once the debt has been paid.

Continue reading our Ultimate Guide to Cobra Financial Solutions to find out how to check debt is yours.

Where can I find debt advisor help?

Here is a list of recommended debt advisory services:

How can you check to see if you really owe a debt collection company money?

If you aren’t convinced that a debt is yours, then you can issue Cobra Financial Services with a ‘Prove the Debt’ letter.

Cobra will have to reply to this letter with evidence of your debt in writing, this may come in the form of an original credit agreement.

You don’t have to pay a debt collection company if they are unable to provide authentic documentation of the debt in question.

Another thing to consider is how old the debt is.

A statute-barred debt is ant debt that hasn’t been chased or paid in the last 6 years, after such time a debt can be written off and can’t legally be reclaimed.

List of Debt Collection Agencies UK

Here is a list of all the debt collectors in the UK.