merchandise credit to build

[bsal]

Has anyone heard of getting merchandise credit from ox publishing to build up your credit? I heard of this year's ago I was wondering if it still works?

[Anonymous]

Not sure who ox publishing is.

I started with Fingerhut and Gettington in 11/2014, as I had to few accounts.  I knew my Utilization and Payment history were spot on.  So I simply began gardening, and opened 2 new accounts every 3-4 months, and now have 20+

13 months later I went from 600s to 700s and have both United MileagePlus 8k, Amazon Signature Visa 6.5k.


YES, you will OVERPAY with Fingerhut and Gettington, but it's worth the price.

[AutoBot]

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@Anonymous wrote:

I started with Fingerhut and Gettington in 11/2014, as I had to few accounts.

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How difficult was getting approved for FingerHut? Scores at that time?

[bsal]

Does fingerhut report to all 3 credit bureaus? And I also have few accounts but I have 1 credit card with 94% utilization do you think it will still be wise to apply for fingerhut or just pay down my balance on my 94% credit card?

[Anonymous]

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@bsal wrote:
Does fingerhut report to all 3 credit bureaus? And I also have few accounts but I have 1 credit card with 94% utilization do you think it will still be wise to apply for fingerhut or just pay down my balance on my 94% credit card?

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Pay down the credit card and then get a second and third account established. I would not go the FH route. Depending on your profile, you could see 50 points just by getting that card out of the red.

[bsal]

Thank you Norman I will pay down debt first