04-06-2013 12:21 PM
This is more geared to folks trying to rebuild their credit (as I am).
FingerHut news that might help a few people.
I applied for FingerHut on February 16, 2013.
Approved for a $200 line of credit (FingerHut/WEBBANK).
I bought something that cost enough to utilize 75% of that available credit.
I paid it off in TWO payments right after the first statement cut (statement cut, I paid 50% and then 1 week later payed the last 50%).
Then I ordered a second item that cost enough to utilize about 80% plus of my available $200 credit line.
The statement has NOT CUT as of today and I have made NO PAYMENTS on the new ordered item.
Logged into FingerHut moments ago, my $200 line of credit went to $500 - a $300 credit limit increase after the first statement.
That should look nice on next month's credit reports!
I hope that information helps some of you who have or are considering using FingerHut/WEBBANK as part of your credit rebuilding plans.
04-06-2013 12:23 PM
04-06-2013 12:26 PM
YOUR PayPal Extras MasterCard would make all the difference! LOL Nice siggy youngandcreditworthy!
But thanks, this bump will help for sure. But as I wrote, I hope this informaiton might help some people trying to figure out FingerHut and gauge what they do and when (and what possible activities on our part, the consumer, that trigger their credit actions).
04-06-2013 02:13 PM
04-06-2013 08:47 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.