What does 1ST TRDNG CO mean on my credit report?

Learn about 1ST TRDNG CO, an bank offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is 1ST TRDNG CO?

1ST TRDNG CO is shorthand for FIRST TRADING CO, with the company name being FIRST TRADING CO LLC

Among our customers in the Kuwait market; some of our products come from the Kuwait market, but the majority is imported from around the world we supply to hotels restaurants catering companies hospitals wholesale markets.

1ST TRDNG CO is a Bank provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with FIRST TRADING CO.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for FIRST TRADING CO:


  • Shuwaikh Industrial Area, Block D, Street No.3, Building No.98





To make a payment, please contact the First Trading Co. head office or warehouses located in Shuwaikh Industrial Area, Block D, Street No.3, Building No.96 and 98 respectively. You can reach them by phone at +965 24915276 or email at info@firsttradingkwt.com. Refunds for payments can be requested by contacting First Trading Co. by phone (+965 24915276) or by email (info@firsttradingkwt.com). Payments over the phone can be made through a variety of payment services and systems. However, the exact methods available will depend on the payment service you choose. it is possible to make payments online. .com, .net, .info, .online, .biz, .co, .xyz, and .uk are among the domains registered on 2019-04-29. First Trading Co offers several payment options, such as cash, credit card, and bank transfer. They do not accept checks or money orders. you can make payments using a mobile app. there are penalties for late or missed payments. The company has a long-term win-win business relationship with customers and suppliers and works to ensure customer needs and expectations are met. It is not possible to make a payment using a prepaid debit card at First Trading Co. NA First Trading Co. offers a variety of services, including distributing food and disposable products. There are main suppliers from Italy, Spain, Belgium, Germany, Holland, Thailand, Malaysia, China, India, Lebanon, UAE, Syria, Egypt, Turkey, and Saudi Arabia. Customers include hotels, restaurants, catering companies, hospitals, and wholesalers. Payment can be made using a wire transfer.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? Yes
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Avant offers debt consolidation loans ranging from $2,000-$35,000, with APR ranging from 9.95%-35.95%, and loan lengths ranging from 12-60 months. Qualifying for loan forgiveness can depend on the type of loan you take out and the terms of the loan. Some loans may offer loan forgiveness if you meet certain requirements, such as making a certain number of payments or meeting other criteria.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? Yes

How to Apply

It is possible to apply for a loan online, over the phone, or in person. The best way to contact Kutbudeen Ratlamwala is to call the company he works for, First Trade Company, or to find someone from the Bohra Community who can help. Alternatively, someone left their contact information, 66255337, who may be able to help. It is also possible to apply for a loan using a mobile app.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

1ST TRDNG CO IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Bank

A bank is an institution where money is kept for saving or commercial purposes. They are able to offer Loans and Mortgages which means they have the ability to report on your credit. Banks are generally felt as untrustworthy (30% confidence rating in the USA) by the general public. Banks can make mistakes on your credit report which may lower your credit score, potentially damaging your credit report and costing you money.

How do I remove 1ST TRDNG CO from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.