Fingerhut Fingerhut put higher cost for thing brought, when i made on payment it never went paying off my balance and i have pay in 1,978. And still own 1868. Eden prairie Minnesota
I pay in fingerhut every month for adout three years in the total number of 1,958. To them to pay balance own 66%went rate of loan and 22%went balance the was 2500.00 still own 1868.00 call to complain and they did nothing i know i got ripoff. So i stop payment can help me pleace
2 Updates & Rebuttals
Alan
Brewer,Maine,
United States
Clear balance
#3Author of original report
Sat, May 26, 2018
I would like for fingerhut to mark me paid in full
Robert
Irvine,California,
United States
It is called Interest
#3Consumer Comment
Sat, May 26, 2018
When ever you use a line of credit the company issuing this credit will charge you Interest. In this case 22%, this is the COST of BORROWING money.
If you have paid just under $2000 in 3 years the payments you were making were barely covering the Interest charges at 22%. You are provided a statement EVERY month either by mail or in electronic form and can see how much of your payment is interest. If you want this balance to go down faster you need to pay more each month.
One thing you didn't mention is your payment history. If you are making minimum payments(or close to it) and are late one month. The late fee from that one month could wipe out any gains you had from 3 months of payments.
The only RipOff here is your lack of understanding of how credit works.