FAQs

A genuine debt collection company should carry out due diligence against a debt to ensure they have a means to pay and are not insolvent, once the agency has assessed whether the debt is collectable they should provide a very clear road map of (a) what needs to be done to recover your debt, (b) take you through timelines, (c) provide start to finish costings which then allow you the client to make a decision from a fully informed perspective.

​A debt collector is somebody who collects monies due to their clients.

The costs should be determined by the work that needs to be carried out to bring a debtor to the table.

​A genuine debt collection company should have access to search and investigation platforms.

There is no set process, debts are like fingerprints, meaning no 2 debts are the same.

Provide Cobra Financial Solutions Ltd with proof

​A fixed fee is charged to recover the amount for which is owed.

Be careful selling a debt, we have seen and heard so many horror stories of unscrupulous individuals not acting within the law.

Yes, Cobra Financial Solutions Ltd are indeed legal and have been collecting debts for their clients since 2009, company registration number for the company is 06897493.

​The charge a 5% fee, this is calculated on the amount for which you are owed, so, for example, should your debt be £9000.00, the Court charge you 5% of that amount being £450.00, Court is never a straightforward process and you must comply with the pre-action protocol, if there is even one mistake on the way you have submitted your claim then it can be thrown out of Court.

The debtor does not have to pay you the amount you have claimed and the defendant will likely try to seek payment of their costs.

The simple answer is it is the process to take somebody who owes you money to Court.

There are no set methods on how debt collection works as no 2 debts are the same.