Is Fingerhut A Good Option To Build Good Credit?

When most people think of credit the first strategy most use is credit cards. Did you know it is possible to build credit without them?

One great example of this would be the Fingerhut Company. If you haven’t heard of Fingerhut, they are an online shopping website that aims to make purchases affordable by offering credit lines and accounts with low monthly payments. Fingerhut often offers credit to those who have previously been turned down for credit cards. The downside is via the monthly payments, the items you buy do cost more over time than just buying them cash at a regular store.

The flexible credit requirements and lack of an annual fee make the Fingerhut Credit Account a strong option for credit building. However, it does have limitations. You can only use it on Fingerhut.com, and their selection is rather limited when it comes to consumer items.

The upside is Fingerhut reports your payment history to all three major consumer credit bureaus — Equifax, Experian, and TransUnion. This is great news if you’re trying to build credit.

Thankfully, the Fingerhut Credit Account isn’t the only fish in the credit-building game. Our team at Ascension Credit Services pair our clients up with a variety of other data reporting options such as Rent Reporting Companies, Co-branded merchant cards, and CD secured loans to name a few. We are also a fan of McKinney Investments.

While there are no real shortcuts to achieving a good credit score, these are just a few small steps you can take to help your credit

Please call our Dallas HQ credit repair experts for more information on how we can help you build great credit.