FINGERHUT FRESH START...please help......

[Anonymous]

So i got a finger hut FS account for the entry level for the sole purpose of rebuilding......got the 180 limit.....Put 30 down......keep checking for a 1st bill date it never showed got impatient did some research here and seen someone said they paid there's off early and graduated to a revolving web bank account....

well i called in and was told that by paying it early i have to do the fresh start program again.....i did however make 4 payments with in 1 week (hoping i would out smart them)....see below..... did i do something wrong can i get around this i would hate to start over

9/13/2015

Payment

PAYMENT - THANK YOU

Paid

View Details

9/12/2015

Payment

15 02575

Cancelled

View Details

9/12/2015

Payment

PAYMENT - THANK YOU

Paid

View Details

9/11/2015

Payment

PAYMENT - THANK YOU

Paid

View Details

9/10/2015

Payment

PAYMENT - THANK YOU

Paid

View Details

8/23/2015

Order

ORD00 9

SHIPPED

View Details

8/23/2015

Payment

PAYMENT - THANK YOU

Paid

View Details

[Hokies2379]

you see so much conflicting info in regards to this.  I had a CS rep tell me there had to be a minimum of 4 months before they'd even consider it.  Others have done exactly what you did and *poof* magic happened.  It really is YMMV, but i'd guess you'll be starting over.

[MRsolis]

When I started mine I think I only made 5 payments then I was graduated automatically. They want to make sure you pay on time over time and more than the minimum....Paying it off within a month doesnt really show that. 

[Anonymous]

I started with a revolving line of credit, so I don't have experience on the FreshStart program.

My first CL was $300. I maxed it out with a puchase, then paid $50 biweekly. After my third payment, I got a CLI to $900. After I had it paid off entirely, I got another CLI to $1,100. From what I've read, they like to see you spend money, pay slowly, and spend more. I haven't made more than one purchase at FH, though. I may do some Christmas shopping there just to keep the CL open. 

[Anonymous]

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/FINGERHUT-FRESH-START-Graduating-by-paying-ea...

This is the 1 i read

[Hokies2379]

---

@Anonymous wrote:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/FINGERHUT-FRESH-START-Graduating-by-paying-early/m-p/4190942/highlight/true#M438005?filter=labels%2Clocation&location=forum-board%3Arebuildingcredit&q=fresh+start

This is the 1 i read

---

Well it kinda works like everything else credit related, YMMV (your mileage may vary.) Everything is different for everyone. 

My wife got cards with a 605 that still decline me with a 635.  Sadly it just is how it is.  Cool thing is, if it doesn't work, they WILL let you do the freshstart over again and you've only lost a month.

The worst thing you can be while re-building is impatient.  And believe me, I know how hard that is.

[WebGuru]

With Fingerhut, paying it before the first statement cuts would defeat the purpose of the fresh start program.

It reports as an installment loan, so if you pay for a few months then that's going to help out your score. You can pay it off early, but don't you want to show some positive activity on your report?