topic Re: Anyone else have Fingerhut? (I know) in Credit Cards

Anyone else have Fingerhut? (I know)

calihlove75 — Fri, 20 Jul 2012 04:00:05 GMT

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.

Re: Anyone else have Fingerhut? (I know)

Anonymous — Fri, 20 Jul 2012 04:10:49 GMT

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.

Re: Anyone else have Fingerhut? (I know)

calihlove75 — Fri, 20 Jul 2012 04:20:43 GMT

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.

Re: Anyone else have Fingerhut? (I know)

Anonymous — Fri, 20 Jul 2012 04:28:53 GMT

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

Re: Anyone else have Fingerhut? (I know)

Anonymous — Fri, 20 Jul 2012 04:38:37 GMT

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??

Re: Anyone else have Fingerhut? (I know)

Anonymous — Fri, 20 Jul 2012 04:41:41 GMT

It shouldn't list as a new account.

Re: Anyone else have Fingerhut? (I know)

traveler2005 — Fri, 20 Jul 2012 05:22:27 GMT

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

Re: Anyone else have Fingerhut? (I know)

Anonymous — Fri, 20 Jul 2012 14:59:06 GMT

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...

Re: Anyone else have Fingerhut? (I know)

tbolt2 — Sat, 04 Aug 2012 01:17:34 GMT

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.

Re: Anyone else have Fingerhut? (I know)

calihlove75 — Sat, 04 Aug 2012 03:19:47 GMT

@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.

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.

Re: Anyone else have Fingerhut? (I know)

Anonymous — Tue, 07 Aug 2012 18:17:10 GMT

Same boat here! Got the run around when I called them. Hopefully it will all clear up with time. But it just started reporting for me as new account several days ago.

Re: Anyone else have Fingerhut? (I know)

tbolt2 — Thu, 23 Aug 2012 11:29:02 GMT

WebBank tradeline finally showed up on TU this morning. The history, balance, CL, etc. is correct.

The Metabank tradeline is still listed on Equifax incorrectly as an open account with my 850 credit limit as the high balance and a credit limit of zero. I'll probably give this one another month to correct itself then I'll dispute it.

Re: Anyone else have Fingerhut? (I know)

cmd0906 — Sun, 18 Aug 2013 04:35:23 GMT

Question?
I was just approved for a fingerhut account with a $500 CL. It didn't say anything about it being a fresh start. Will this account start of reporting as a revolving vs installment as some say happened with the fresh start? I really. Don't plan on using it much, maybe a small purchase then PIF just so it can have activity on it.

Re: Anyone else have Fingerhut? (I know)

mikey78 — Sun, 18 Aug 2013 04:45:20 GMT

never heard of finger hut

only pizza hut
but from what i read on this threads they are eager happy to post balances and become the turtle when reporting 0 bal

Re: Anyone else have Fingerhut? (I know)

Anonymous — Sun, 18 Aug 2013 08:46:50 GMT

The Fresh Start will appear as an installment and shows all 6 payments, even though I paid it off in 4 payments instead of 6. That now shows closed, and my regular credit line appears like any other card. Hope that helps.

Re: Anyone else have Fingerhut? (I know)

Anonymous — Sun, 18 Aug 2013 08:55:17 GMT

Fingerhut has been sold so many times in the last few years, its hard to keep up with who is providing the financing. Its gone from citibank to metabank, to webbank, to god knows who now.

Re: Anyone else have Fingerhut? (I know)

JonStur — Sun, 18 Aug 2013 13:19:58 GMT

I've had a Fingerhut acct for about 8 years now, but I haven't used it in about 3 years. I like how they raise my limit like $1500 every year around Christmas and beg me to spend it if I want to keep it. Inevitably I don't spend anything and they take the limit back like an angry kid taking his ball from the playground and going home...