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Really??? Fingerhut??

Re: Really??? Fingerhut??

Did they do a hard-pull inquiry of your credit report when you placed your order ?

 

Do they report the account as a revolving line or installment loan ?

Message 11 of 20
Highlighted
Established Contributor

Re: Really??? Fingerhut??

I think it was credit karma once that reccomended first premier or one like that for me. My scores are all 800 +-. Algorithims that need a bit of tweeking i should think.
Message 12 of 20
Regular Contributor

Re: Really??? Fingerhut??

@Kaismith

 

FingerHut seems to take a while to report. 

 

In my case, I got approved with them on Feb. 16. Statement cut in early March and they are NOW just reporting the tradeline - so for me, they started reporting about 1 month and 2 weeks after first getting approved.

 

And FingerHut did credit February as "pays as agreed" along with the month of March, too. 

 

I've also read around here that others have noticed, too, that they take a while to report.

USAA Rewards VISA (7,500 - 03/2013) / DiscoverIT (6500 - 03/2013) / Cap One Platinum MC (2750 - 03/2013) / Credit One Platinum VISA (750 - 03/2013) / First Premier Bank MC (300 - 02/2013) / FingerHut/WEBBANK (5200.00 - 02/2013) / Victoria's Secret/Comenity (1500 - 03/2013) / PayPal Smart Connect/GECRB (2900 - 03/2013) / Lowe's/GECRB (2800 - 03/2013) / Amazon.com/GECRB (4500 - 03/2013) / Chevron Texaco/GECRB (1950 - 03/2013) / J.C. Penney/GECRB (2150 - 02/2013) / Target (750 - 07/2013) / Abercrombie & Fitch/Comenity (1850 - 07/2013) / CareCredit/GECRB (4500 - 08/2013) / DCU Visa (2000 - 11/2013) / NFCU Sig cashRewards Visa (7000 - 11/2013) - MilitaryStar/Chase (4700 /12/2013)

Message 13 of 20
Frequent Contributor

Re: Really??? Fingerhut??


VirtualCuriosity wrote:

They are just checking to see if you forgot where you came from. 


 

Smiley Very Happy

 

Meg.

FICO: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Message 14 of 20
Senior Contributor

Re: Really??? Fingerhut??

My fingerhut reports as a store card...  (revolving, not installment)

 

I made one purchase with it when I got the card in January of 10 or 11 (can't remember...).

 

I thought the price was fine...haven't seen the item offered anywhere else, and I've been very satisfied with them.

 

The account reports to EQ and TU, but not EX.

 

Three of four (unasked for) CLI's later, it's a $1,000 credit line with a zero balance.

 

No complaints from me.  Smiley Happy



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 15 of 20
Regular Contributor

Re: Really??? Fingerhut??

That's good to know that FingerHut reports to 2 out of the 3 bureaus. All three would be nice, but two are nice, too. For some that can actually be a positive.

 

Let me throw in there too that regardless of your situation, DON'T MAKE ANY MAJOR PURCHASES at FingerHut. Like don't buy computers, furniture, stuff like that. You will pay through the nose for no reason at all.

 

The two products I bought were $148 and $168 respectively, but I knew that I was going to pay the balance off within a week of each purchase so as to avoid the "easy" and "small" monthly payments. But for most people, buy something for under $50 or under $100 if you can afford it and then pay it off - whether it be the full amount or half the amount spread over 2 months, but pay it off as fast as you can.

 

I think the goal with FingerHut is to take whatever paltry initial limit they offer and do the dance until they give you a nice, fat, juicy line of credit and then take a seat and let the "huge" credit line on your report shine.

 

 

USAA Rewards VISA (7,500 - 03/2013) / DiscoverIT (6500 - 03/2013) / Cap One Platinum MC (2750 - 03/2013) / Credit One Platinum VISA (750 - 03/2013) / First Premier Bank MC (300 - 02/2013) / FingerHut/WEBBANK (5200.00 - 02/2013) / Victoria's Secret/Comenity (1500 - 03/2013) / PayPal Smart Connect/GECRB (2900 - 03/2013) / Lowe's/GECRB (2800 - 03/2013) / Amazon.com/GECRB (4500 - 03/2013) / Chevron Texaco/GECRB (1950 - 03/2013) / J.C. Penney/GECRB (2150 - 02/2013) / Target (750 - 07/2013) / Abercrombie & Fitch/Comenity (1850 - 07/2013) / CareCredit/GECRB (4500 - 08/2013) / DCU Visa (2000 - 11/2013) / NFCU Sig cashRewards Visa (7000 - 11/2013) - MilitaryStar/Chase (4700 /12/2013)

Message 16 of 20
New Member

Re: Really??? Fingerhut??

I'm looking at the Fingerhut credit details now as well, and they surely report to 2 majors bureaus - which increases your chances to improve the credit score (if you're not late with payments). I have found an infographic which describes Fingerhut account features (it has a review and FAQs at the bottom of the page), may be it can help. I've also heard that they can increase your CL quickly enough.

edited

Message 17 of 20
Valued Contributor

Re: Really??? Fingerhut??

Creditkarma has made some interesting recommendations to me as well. Thy have stated that I have a poor chance of getting a card I already have. They have recommended cards that were sub prime. They seem to just try and push whatever sponsor is paying them the most this month... 😏

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 18 of 20
New Contributor

Re: Really??? Fingerhut??

Yes I do not understand credit karma. It told me I have a poor chance to get a Discover It card but It also recommends the same card that I have a poor chance of getting for the range of my credit score. I applied thru this site and got approved ( do you think that had something to do with my approval) I mean I have been working hard on getting my credit right. I never would have thought I would have a Discove card within 1 yr of me rebuilding credit

 

Message 19 of 20
Moderator Emeritus

Re: Really??? Fingerhut??

I think that $148 + $168 gives you a decent deposit on a secured card Smiley Surprised

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Message 20 of 20