Handle Cobra Debt Recovery Debt Collectors the Right Way

Editorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm and is not licensed to practice law. DoNotPay provides a platform for legal information and self-help.

Getting Harassed by Cobra Debt Recovery to Pay a Debt? DoNotPay Can Help!

We all know how frustrating dealing with debt collectors can get. You get those pestering calls at odd hours of the day and night, Unrelenting threats on social media. Not to mention, the million and one texts and emails.

Now, while debt collectors have the right to pursue repayment or money owed, sometimes they cross boundaries. If you find yourself being distressed by a representative from agencies such as , do not panic. Rest assured there are various things you can do to make them stop or settle the matter in a more civilized manner.

At DoNotPay we know exactly how to handle overbearing debt collectors. We know about all the regulations set up to protect you from being harassed or intimidated by debt collectors.

DoNotPay assists in resolving your issues with debt collectors like Cobra as well as other businesses. We can help deal with other debt collectors including:

You can think of us as your personal online handyman. Trust us to get all sorts of things done for you. In this article, we’ll show you exactly how.

Who Is Cobra Debt Recovery and Why Are They Calling Me?

is a debt collection and recovery agency. This means they are specifically hired to recover money from commercial, public and private debtors who refuse to pay a debt. They do this online or face to face in order to recover their funds.

Usually, if is reaching out to you, it is because your account was handed over to them by a creditor you owed money. But while they consider themselves hassle-free, some tactics they might use to get you to pay might seem like harassment.

If you feel like it is all becoming too much, or they are invading your rights, DoNotPay can help.

Are Debt Collection Agencies a Scam?

True debt collectors are typically hired by creditors to help collect money quickly. They will usually come at you with documents, or proof supporting the fact that they are a true agency, who acquired your information legitimately.

However, even the legitimate debt collection agencies can come out as overbearing.

At the same time, there are scammers who make a living by acquiring your debt information and convincing you to pay off the debt to the wrong entity. So how can you tell a scammer from a valid firm?

Possible Signs of Debt Collection Scams

  • You are pressed to pay by wire transfer or prepaid card
  • Threatens you with prison or impersonates a government authority
  • They don't reveal all the important information
  • They threaten to out you to your loved ones and employer
  • Requests sensitive financial information from you

What Happens if You Don't Pay Your Debt?

Most people avoid paying back their debts to collection agencies because they think they get away with it scot-free. However, refusal to pay comes with its share of repercussions. And it is important to realize these repercussions and how they can affect your life.

Unpaid debts can:

  1. Negatively affect your credit score
  2. Result in litigation
  3. Lead to a lot of follow ups and annoying phone calls from debt collectors
  4. Inflate interest rates or insurance premiums and might mean losing job opportunities

How to Resolve Complaints Against Cobra Debt Recovery?

There are various ways for you to resolve issues with debt collectors and creditors. Part of this includes bringing on a third party entity. Some popular entities you can turn to include:

  • An Ombudsman

You can make a complaint with an ombudsman if you've already made a complaint the organization and their complaints system hasn't remedied your issue. If the organization takes too long to respond the ombudsman will look into it, and help settle the matter.

  • Alternative dispute resolution (ADR)

Alternative dispute resolution or ADR refers to techniques of resolving consumer-trader disputes outside of the courtroom. The government encourages ADR.

The following are some ADR examples:

Through mediationA neutral third party will come in and help arrive at a mutually accepted solution.
Through arbitrationAn impartial third party investigates the facts and makes a fair decision that will bind one or both parties.

Get Debt Assistance the Easy Way With the Help of DoNotPay

At DoNotPay, we are here to enlighten you on what is considered fair practice and what is not in relation to debt collection laws. This way, you can protect yourself from unjust practices or harassment. If you feel like you are being humiliated or distressed, feel free to use our app and let us assist.

Our app is fast and easy to use; you only need to follow the 3 steps below:

  1. Search “debt collection” on DoNotPay.

  2. Answer a series of questions about the debt collectors, including when you were contacted and how you were contacted, so we can determine if they have violated any debt collection laws.

  3. Decide which course of action you want to take based on our guidance, such as filing a debt verification request, demanding for the collectors to stop contacting you, or reporting them to a professional trade association.

What Else Can DoNotPay Do?

There is so much more than DoNotPay can help you achieve. We work across a ton of entities, helping thousands get solutions for various legal and non-legal issues.

Here are some of the issues we can help you solve:

Are you being pursued by a debt collection agency for an outstanding debt? Are you seeking help in boosting your credit score and getting rid of your bad credit? and find the answers you are looking for.

Want your issue solved now?