Repair Your Credit With a Fingerhut Account: Review of Fingerhut

Updated on February 19, 2018
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Peeples is a married mom of 3 working to rebuild the family credit.


Repairing Your Credit With Fingerhut

There are many reasons we may end up with bad credit. Most revolve around our bad decisions, but some are decisions we have to make based on life situations. Things happen, but as we get older we have to start fixing our mistakes. There are many ways to repair credit. The most obvious is paying down debt. This article though will cover something we tried successfully.

My husband made a lot of mistakes in his early years. Time came to repair it and a friend mentioned Fingerhut. When I heard Fingerhut all I could think of was the old school giant catalogs. So I did some digging to find out what Fingerhut was all about hoping for a credit miracle!

Fingerhut FreshStart Program Details

The Fingerhut FreshStart Program is designed for people with low credit scores and lots of past mistakes. So it was ideal for my husband. Just for reference, when my husband started this his credit score was around 460. I have heard some people do not get approved. So of course this isn't for everyone, but it is worth a try if you are desperate.

How to Get Started With Fingerhut FreshStart

So what do you need to do to get started? Simply place an order between $50 and your credit limit (usually less than $130) and make a 1-time, $30 down payment. At some point in this process you will have to select the FreshStart option. Your order will ship once your $30 down payment is processed. Try to find something as close to $50 that is light weight and equals cheaper shipping.

Once you have your order, pay it off within 2 weeks. Freshstart starts out as a loan on your credit. So use a site like CreditKarma to track your score. Once you see that your fingerhut account is on your credit get it paid off as soon as possible. This will make your loan paid in full.

Now usually within 2 weeks you will get an email saying that they have approved you for credit. Once they do so you will be able to open a revolving credit line with them that does not require a down payment. So it will show up on your credit like a credit card.

Remember you are only using this to improve your credit. Don't go overboard. Buy something cheap, pay it off, and repeat.

Cons of Using Fingerhut Freshstart Program

So this part is where I tell you all the negatives before you put your money into this. Most of them are fairly common sense in my opinion.

  • High interest. Lets all be honest on this one, good credit gets good interest rates. Bad credit equals bad interest rates. Low rates are earned.
  • High shipping costs These are so high they shock me at times, which is why I said pick something light weight. The lighter the better.
  • If you don't make a payment on time, and when I say on time I mean a couple days early at least, they will call you over and over again. You are a bad investment to them. So if they have any doubt about your payment they will call every number they have on file repeatedly. Remember the goal here is to be making your payments on time any way.
  • Cost of items are higher. Everything on their website is priced higher than you can find it elsewhere.

Do you see the trend here? Everything cost more! The reason for that makes plenty of sense, and in my opinion is just how it is when your credit is awful. The reason for doing all of this is to get your credit up to where you can get better interest rates later. Paying extra is like giving them a bonus for taking you on as a risk. This might not sound very nice, but it is the reality of being someone with poor credit. So lets get that credit better!


Our Experience Using Fingerhut FreshStart

As I said before, my husband's credit score was around 460 when we began. With NO other things done my husband's credit score went up 67 points after doing this 2 times. He did the FreshStart program, then he did another after they gave him revolving credit. Both were paid off in the first month of ordering. We used CreditKarma to track it. Once we saw it on his credit we paid it off. We never spend more than $60 at a time on the website. We have now done many transactions just to keep it open.

Since the first 2 times doing fingerhut my husband's credit has improved to a 618! Now granted, that is still not amazing, but we started 15 months ago. So I would say pretty great results. After the first 2 rounds we were even able to get him 1 small unsecured credit card. Since then we have added a Victoria Secret card! We even bought a new (only slightly used) car with a decent, but still not great, interest rate and low down payment!

We get no referral fee for recommending this. We are not affiliates in any way. We are not credit professionals either. We are just every day people working to repair our credit just like you!

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