Re: Fingerhut Goodbye

Pit-Smoker · ‎03-05-2020

Has anyone ever called WebBank (Assuming you'd get a human) and tried to PC into Gettington? Just curious.

From my research, their prices aren't that much better, but the terms seem to be a little easier.

Rebuilding is like smoking a brisket: it takes a lot of love, the right spice, and a ton of patience. You don't rush a brisket-- it goes low & slow. Sometimes, you need a crutch through the stall. In the end, the process matters.
2021 goals:
1) GARDEN until I app for Mortgage.
2) Pay Down overall revolving debt aggressively and accountably, to under 30%, including my HELOC.
3) Don't waste the gifted 0% time on the student loans.
4) Ultimately, refi the house at non-usury terms.

Anonymous · ‎04-27-2020

I just got approved for Fingerhut...my scores are in the high 500's my question is should I work with them or let it close ...I'm working on raising my credit score of course

Anonymous · ‎04-27-2020

I've had my Fingerhut account since 2014 and have only used it twice- once when I first opened it, and once in 2018 when they threatened to close if I didn't use it. Depending on my credit situation the next time they threaten to close it, I might just let them... I agree they price gouge their products AND they charge SO MUCH for shipping! Basically just preying on people with subprime credit scores who are trying to rebuild. Good riddance.

Anonymous · ‎04-27-2020

@Anonymous if you're trying to rebuild and can't get approved for much else, Fingerhut can be a good tool as long as you use it wisely. That was the reason I got mine in the first place, too. Make small purchases here & there, pay them off, and theoretically your score improves enough that you can get approved for something better. Then, don't use it anymore (unless of course you really like it for some reason). That's what I did!

Anonymous · ‎04-27-2020

@Anonymous wrote:
I've had my Fingerhut account since 2014 and have only used it twice- once when I first opened it, and once in 2018 when they threatened to close if I didn't use it. Depending on my credit situation the next time they threaten to close it, I might just let them... I agree they price gouge their products AND they charge SO MUCH for shipping! Basically just preying on people with subprime credit scores who are trying to rebuild. Good riddance.

You have far and away enough good cards to kick FH to the curb. I wouldn't even hesitate.

Anonymous · ‎04-28-2020

When did you decide to stop working with them. Did you close your account with them and if so how long was it? Did you establish other credits before you closed your account with them? How long would you suggest that I stay with them in your opinion of course.. my credit scores are in the high 500's and I am 20 points away from my highest score being 600 while 45 points away from my lowest score being 600. I am waiting for a credit card payment to update as paid in full as well as deletion of two collection accounts that have been paid for as well as two PFD that I am in the process of doing... thanks

Rudy1 · ‎04-28-2020

I closed mine because they were super overpriced! I let them close the account it was about a year. I had better credit cards after it closed. Some people may want to stay with them for the account opening date but it sticks on your report for at least 7 years after it's closed. If you like them or find something less expensive I would keep it as they are known to grow. I just didn't find anything I liked.