Credit Cards

[calihlove75]

Anyone else that has Fingerhut notice it's showing as 'Closed/Transferred' on Equifax? It is on my TU as open but did not update balance from last month, but Equifax it shows at as closed and transferred with a zero balance. I know I read somewhere that they switched banks or something. It is my oldest revolving account at almost 19 months. Does this mean eventually it will report by the new bank as a new account? I am confused.

[3DHpDTbR8d]

I've had a Fingerhut Account for over 3 years almost 4, I just received a letter saying they're switching to a Utah based company I believe. As for your question it will change to the new bank and should show up zero if you haven't purchased from them.

[calihlove75]

I guess I am worried about it appearing as a new account on my credit report. I know that when my HSBC became Cap one, my open date remained the same. I am hoping this is the case here.

[imandy]

I have a sneaking suspicion that it is not going to report at all anymore.

The new servicing bank is the bank that's tied to Paypal/Bill Me Later. They do not report at all.

There was another thread about some people calling and could not get a straight answer. The good thing though is that the AAoA will still help you even if it's a closed account

[3DHpDTbR8d]

I have PayPal/BillMeLater they are on my report and have are up to date. I guess as long as the accounts are used they'll update??

[3DHpDTbR8d]

It shouldn't list as a new account.

[traveler2005]

I have bill me later, they do not report for me.

[imandy]

Bill me later does not report and never has to my knowledge. I even just did a search of this forum and this person is the only person that I can see ever to claim that they did. If you have a paypal credit card I'm sure it reports but not Bill Me Later. Interesting...

[tbolt2]

It took a while, but WebBank finally reported to Equifax last night. The account appears as Fingerhut/WebBank with correct infomation re: history, balance, same account number,  etc.........at least that went right. Will have to wait a few more days to see if they report to all three CRA's or just EQ and TU as Metabank did. The 850 CL and zero balance would be a nice addition to the EX report.

The entry for Metabank is still showing the credit limit as the high balance...grrr....not sure if they are ever gonna correct that and the lady I spoke with a few weeks ago at Fingerhut was no help. I got the very distinct impression she had received a number of calls regarding the mistake on credit reports.

[calihlove75]

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tbolt2 wrote:

It took a while, but WebBank finally reported to Equifax last night. The account appears as Fingerhut/WebBank with correct infomation re: history, balance, same account number,  etc.........at least that went right. Will have to wait a few more days to see if they report to all three CRA's or just EQ and TU as Metabank did. The 850 CL and zero balance would be a nice addition to the EX report.

The entry for Metabank is still showing the credit limit as the high balance...grrr....not sure if they are ever gonna correct that and the lady I spoke with a few weeks ago at Fingerhut was no help. I got the very distinct impression she had received a number of calls regarding the mistake on credit reports.

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Thank you! I just checked my equifax and the new account is listed with my original date. TU finally shows the old account as closed and I suspect in a week that the new account will show up also on there. Experian, we will find out soon. I did not get an scorewatch alert here yet on the new account but may not since technically it would not be a 'new account'.

I am just relieved that it was not reported as a brand new account.