Yes, Montgomery Ward reports to all three major credit bureaus (Experian, Equifax, and TransUnion) every month. Reports are sent to these credit bureaus for the Montgomery Ward Credit, as long as your account is open and active. Plus, each report includes information such as the account’s statement balance and payment history.
Other things to know about the Montgomery Ward Credit:
Montgomery Ward will only stop reporting to the credit bureaus when the account closes, which could happen after a year of inactivity. So, use your Montgomery Ward Credit credit line to make purchases each year if you want the account to remain open.
Having a Montgomery Ward Credit is a great way to boost your credit score, but it will only help if you use the line of credit responsibly.
Keep in mind that maxing out your credit line and missing payment due dates, among other missteps, will also be reported to credit bureaus. This will likely cause your credit score to decrease.
If you’d like to see the effect that your Montgomery Ward Credit is having on your credit, you can check your latest credit score and TransUnion credit report for free on WalletHub.
No. Montgomery Ward is not affiliated with Fingerhut. These two businesses do not have the same parent company, as Montgomery Ward is a subsidiary of Colony Brands, Inc., while Fingerhut is a subsidiary of Bluestem Brands, Inc.
That said, Montgomery Ward and Fingerhut have partnered up in the past. Their most recent joint venture – Montgomery Ward Direct – launched in 1991. However, Montgomery Ward Direct was shut down in the mid 1990s, and...
There is no credit score requirement for the Montgomery Ward Credit Account, since Montgomery Ward will approve even applicants with bad. The lack of an official Montgomery Ward Credit Account credit score requirement doesn’t mean everybody gets approved, as Montgomery Wards can partially approve or deny credit line applicants. Partial approval means that Montgomery Wards will grant you credit for part of the credit line that you request, but you’ll need to pay the rest up front.
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