Does Fingerhut affect your credit score? This question is about the Fingerhut Credit Account

Does Fingerhut affect your credit score?

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This question is about the Fingerhut Credit Account

Milvionne Chery Copeland, Writer

@milvionne_copeland • 07/27/22 This answer was first published on 07/27/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Fingerhut Credit Account does affect your credit score as the card reports to all 3 major credit bureaus. In the short-term, your credit score may take a small hit since the card does a hard pull when you apply for an account, though you’ll build positive credit in the long-term with on-time monthly payments.

The Fingerhut Credit Card is a good option for someone looking to build credit inexpensively as it accepts people with bad credit and has a $0 annual fee. You don’t even have to make purchases to benefit. You can use WalletHub’s free credit score simulator to see how applying for the Fingerhut Credit Card may affect your credit score. If you’re approved for the card, it would also be a good idea to keep track of any changes to your credit score over time, which you can do on WalletHub as well.

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Does the Fingerhut Credit Card do a hard pull?

Yes, the Fingerhut Credit Card will do a hard pull. You can apply for it with no credit though. It has a lower credit-score requirement than most store cards, so you may be able to qualify with bad credit if you have a steady income and not too much debt.

… read full answer

There is no way to get pre-approved for the Fingerhut Credit Card. A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage here.

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How long does Fingerhut stay on your credit report?

Is the Fingerhut Credit Card legit?

Yes, the Fingerhut Credit Account card is legit, real credit card. The Fingerhut Credit Card card is legit because it is issued by WebBank, an FDIC member that is accredited by the Better Business Bureau and has an "A+" BBB rating. The Fingerhut Credit Card also reports information to the major credit bureaus each month.

Why The Fingerhut Credit Card Card is Legit… read full answer

Issued by WebBank, FDIC member and BBB accredited with an "A+" rating.

Rated 4.7/5 stars by WalletHub editors.

3.7 / 5 average user rating on WalletHub.

Reports to all three of the major credit bureaus: Equifax, Experian, and TransUnion.

$0 fraud liability guarantee.

In addition, the Fingerhut Credit Card card is legit because if you use it responsibly, your credit score will improve over time. Just make sure to make on-time payments and keep your credit utilization low.

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