First Solution is a debt management and consolidation firm designed to cater to all kinds of consumers; from banking, to businesses and private individuals.
Launched in 2010, First Solution celebrated its 10 -year anniversary with a momentous milestone, launching itself in the United States, following a decade of continued success, perseverance and commitment in the United Arab Emirates. Spearheaded and founded by Moeen Khan – who has been associated with the banking industry for the last 25 years, Khan sensed a gap in the market; the dearth of a process and data driven high performance debt collection company, to be opened with the aim to facilitate the credit industry.
First Solution is a debt management and consolidation firm designed to cater to all kinds of consumers; from banking, to businesses and private individuals. FS clients include all major regional banks in the UAE, including Citibank, HSBC, Emirates NBD, CBI, Barclaysand Saudi Arabia’s Samba bank. Their continued dedication and sheer commitment, despite the global COVID 19 pandemics, has facilitated in providing them with a new platform – to reach and set foot in the US market, which will subsequently allow the company an extraordinary opportunity for growth.
“I am very excited about the US launch as it is the most substantial market, with respect to credit, and I believe that we have the right skillset available, to cater to all its needs and demands. Due to the current global pandemic, the focus for all has shifted to cost saving, so this is the best time to enter the US credit industry. Primarily because, our business model is an offshoring one – which gives a very lucrative pricing model to the American clients”
Currently, FS manages more than 200,000 debtor accounts worth over $1 billion USD. During the recent global pandemic, FS became the only debt collection company in the region which managed to upscale operations and perform complex aging debt collections from home, without compromising data security and compliance standards.
FS is the number one company of choice for businesses and clients looking to improve their credit score and offers full assistance when it comes to debt. In future, FS aspires to explore other markets, increasing their footprints, and ultimately emerge as a top global debt collection company.