- Report: #1309870
Complaint Review: Fingerhut - Nationwide
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Fingerhut
Nationwide, USA
Web:
fingerhut.com
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Fingerhut Avoid Fingerhut Nationwide
Fingerhut is a company that definitely qualifies as a rip-off.
Bought a laptop computer in December 2015. It was a little bit overpriced, but only a few months later did I discover it was massively overpriced, but to late to return it. The computer is fine, but Fingerhut is awful. They set up your payments so they can suck up as much interest from you as possible. My payments started at $29.99, dropped to $23.99 and now at $20.99. It could be years before it's paid off if I stuck with their schedule, but they'd make plenty on the interest charges.
Set it up as an automatic withdrawal from my bank, which they won't allow me to change. Thankfully I caught onto their scam fairly quickly and send in extra money every month, so will be paid off shortly.
Almost fell for it again. With the hot weather season upon us, was looking for a decent window air conditioner. They sent another one of their endless catalogs and found a nice model. $359, which didn't seem bad, until I found the exact same model at Lowe's for $219. Silly me, I did buy a toaster from them. Only $25, but discovered later that shipping/handling added $14 to the total. Should have just gone to Walmart and paid cash.
They not only jack up their prices to ridiculous levels, they charge outrageous interest rates and then lower your payments to keep the interest going as long as possible.
They prey on people with poor credit. I've had some issues, and thought this could help me restore things and boost my credit score. But they're terrible, stay away.
1 Updates & Rebuttals
Robert
Irvine,California,
USA
You reap what you sow....
#2Consumer Comment
Tue, June 07, 2016
You stated it yourself. You are with this company because of YOUR poor credit history. The reason you screwed up your credit in the past doesn't matter. All creditors care about is that you have not proven you can handle credit. As a result you are considred HIGH RISK and as such you are going to pay higher prices, fees, and interest.
You aren't going to rebuild your history overnight, there is no "quick fix". It is going to take YEARS of a solid positive history to get back to a decent level. This should go without even saying but this also includes taking care of any negative items on your report such as collection accounts. As until those are cleared up you can not do enough positive things to counter-act the negative.
After clearing any negative items, the next thing is to get a REAL credit card. Look at Secured Cards, where you put down a specific amount of money that becomes your credit line. Then use it RESPONSIBLY. Yes, even here the interest will be high but it will be better than Fingerhut. Once you get a good history, you can look for better unsecured cards.
