Credit Use Rises Again After the Height of Covid Pandemic - Cobra Financial Solutions Ltd

No-nonsense, straight-talking debt collection service

The temptation to overindulge and live a ‘champagne lifestyle on lemonade money’ is clear for everyone to see. With the cost of living on the rise, the extra expense of even the basic luxuries is pushing some people to the brink of financial ruin.

Research taken from over 9.5 million customers shows that credit use is starting to rise exponentially again after the height of the pandemic.

So, if you’ve got a debtor who’s living the champagne lifestyle, not on lemonade money, but worse, on your money, then it’s time to instruct us here at Cobra Financial Solutions.

Why Is Credit Use on the Rise?

Inspired by images of wealth and excess as they search through social media, lots of people between the ages of 18-30 are taking unnecessary financial risks in the name of living a life of luxury.

Take Christmas, for example: A YouGov survey suggested that ‘almost half of those aged up to 45 admitted they were likely to spend more than they could afford over the festive period.’ Furthermore, a whopping one-in-ten families are now facing a financial crisis this winter because they are unable to meet their essential costs.

So, with a significant amount of people turning to credit to make ends meet this winter, the general consensus is that people are widely worrying about the increasing cost of living. However, why should you struggle to live while your debtor lives it up using your money?

Credit on the Rise: Instruct Cobra to Recover Your Money

Why is it fair that other people get to live the champagne lifestyle whilst using your money to fund it?

Indeed, one advisor was quoted as saying that families were “determined to enjoy Christmas despite bills rising.” However, how is that right? How is it that people seem more than happy to enjoy their lives at the expense of other people enjoying theirs?

We can’t abide by this point of view. That’s why we prioritise face-to-face debt recovery. We thrive on helping people get their money back from selfish people who live beyond their means.

Action Cobra Financial Solutions Today and Get Your Money Back

At Cobra Financial Solutions, we have a long list of businesses and individuals who we have helped get their money back over the years. So, when you instruct the team at Cobra, you can rest assured that we are discrete and very effective in equal measure.

If you have provided credit only for your debtor not to pay you back, then get in touch with an expert member of the Cobra Financial Solutions team on 0151 526 4222 to discuss your needs in more detail.

But don’t just take our word for it. See what one of our recent clients had to say: “Amazing service. I had a non-paying customer who was using Covid as an excuse. I was paid within two weeks due to Cobra taking control of the situation.

There’s no time like the present. You can also email

Find out more about our awards and accreditations +