Should You Apply for That Credit Card?

With the holidays rapidly approaching, your mailbox is probably stuffed with catalogs, credit card, and loan offers, but should you apply for that new credit card, order from that catalog (with the promised credit line), or should you cash that short term loan check?  Granted, money is always tight around the holidays, and affording all of the extra expenses would be a lot easier with a clean line of credit, but what should you look for before you apply?

Make sure you’ll actually qualify for the offers!  One of the most important things to remember when looking at any new credit line, be it a catalog shopping site like a Fingerhut Credit Account issued by WebBank, or a new credit card, or a personal loan, is whether or not you will actually qualify once you actually begin the application process.  Remember, most of those “prequalified” offers are just that – the lender has purchased a list of potential candidates based on your demographic group (your location, age group, income level, etc.), but they have most likely not pulled your individual credit report to see if you would actually qualify once you complete the application process.  So, before you even consider the offer, you should check your own credit report to make sure your credit score would likely qualify you for the offer that you are considering.

Should you fill out the application and mail it back in or should you simply go to the website and complete the application online?  While you might worry about completing an application for credit online, it’s actually safe in most cases to apply online, and instead of waiting for a response in the mail, you’ll most likely find out fairly quickly if you do complete the application online.  Reputable credit card companies, loan providers, and catalog shopping sites have ample safeguards in place to protect your personal information, so it’s usually safe to visit most sites.  (However, this is not the case for most of the offers you receive via email – links in emails are extremely vulnerable to identity theft and you should never click on a link received within an email.  ALWAYS visit that creditor’s site using your browser instead.)

Research all of your options before you apply for any of them.  Just because you received a prequalification offer in your mailbox does not necessarily mean that this the best credit card for you to accept.  Take a look at the fine print… What’s the interest rate?  Are there any additional benefits (rewards, points, introductory rates)?  What is the typical credit score needed to qualify for the offer?  How are charges handled?  What happens if you dispute a charge?  What happens if you fall behind?  What are the over limit fees?  Late fees?

Once you’ve studied all of the fine print, then it’s a good idea to compare the offer with other offers that you are likely to qualify for to see if the card really is a good fit for you.  Then and only then do you actually want to apply for the credit card, place an order with the catalog shopping company, or accept that loan offer.

Fingerhut’s Fresh Start!

With Christmas right around the corner, many of us are wondering just how we’ll pay for all those gifts! Especially if you’ve had a few financial setbacks, and your credit is less than perfect, it’s not easy getting the credit you need around the holidays. But, there is a program that just might help, especially if you aren’t approved for a regular catalog card account.

You might want to think about applying for the Fingerhut FreshStart® Credit Account issued by WebBank. The Fingerhut FreshStart® credit account issued by WebBank is a great way to get that fresh start that you need on your credit and build the buying power you need when the holidays roll around. It’s easy to apply, and once approved, you simply make a one-time purchase that is a minimum of $50.00 (includes shipping and handling and taxes), then make a $30.00 down payment (required for your order to ship), and finally, pay off your balance through on time monthly payments.

Once the account is paid off, you will be rewarded with a WebBank/Fingerhut Advantage Credit Account that will have a higher credit limit!

Now, is that not a great way to get your credit back on track or what?

Apply for your Fingerhut Credit Account issued by WebBank today!

 

 

New Fingerhut Promo Code!

Fingerhut Credit ApplicationIf you’re looking to spruce up your home or apartment for the upcoming holiday season, we’ve got just the ticket to save you some serious cash!

Fingerhut just announced their fall home sale today and there’s a PROMO code that will snag you 10% off your total purchase!   Now you can redecorate a whole room, the whole house, or maybe just add a few new things here and there to make your home the warm, festive place that you want it to be for Halloween, Thanksgiving, and even Christmas.

Freshen up the bath with new shower curtains, rugs, and accessories…or freshen up the bedroom with new flannel sheets, a comforter, or pillows… they’ve even got furniture on sale!

Why wait?   Shop Fingerhut.com! and use the promo code HOMESALE17 to save today!

Existing customers qualify for this promotion as do new customers who Apply for a Fingerhut Credit Account (issued by WebBank). Get low monthly payments with no annual fees or overlimit fees. Shop from thousands of trusted brands. Apply Today!

Offer ends 10/8/17 at 11:59pm CT. Enter promotion code HOMESALE17 during checkout to receive 10% off Bedding, Bath, Baby, Furniture, Home Decor and Window Treatments. Only valid on items in the Bedding, Bath, Baby, Furniture, Home Decor and Window Treatments categories. Not valid on Fingerhut FreshStart purchases. Not valid on previous purchases. Does not apply to shipping and handling. One promotion code per order. Cannot be combined with other Fingerhut offers. Not redeemable for cash. Not valid on partner offers.

Emergency Funds

Watching the events of the past couple of weeks, what with Hurricane Harvey flooding Texas, and now that Hurricane Irma is looming in the Atlantic Ocean, I’m reminded of one of the most important reasons that we all need emergency funds. In the event that you have an emergency, how will you manage to survive the days, weeks, or even months that it takes to return to some semblance of a normal life?

With hurricanes in particular, we usually have some warning and there are preparations that can be made, but you’ve got to have the funds available to make the right preparations. For example, you may want to buy plenty of food and water well before the storm comes into your area, or you may need to board up your windows, or if the storm threat is serious enough, you may need to evacuate completely.

After the storm passes, there are still more challenges to overcome… the price of gas, food, and other supplies can skyrocket, which takes a bite out of your already stressed budget. It’s a lot to try and cover on your normal salary, assuming that you’re able to get to work. But how many of us have an extra thousand or two sitting there just waiting for us in times of dire need? According to national statistics, not very many. In fact, 69 percent of us have less than $1,000.00 in savings, and of that, 34 percent have no savings at all.

What about you? What are your options? How can you effectively have an “emergency fund” when you don’t have the cash available?

One of the best ways that I know of to create an emergency fund that you can tap into quickly should you ever need to is to get a credit card and keep the available credit at or above the level that you would need to purchase the items you need to buy food and water, pay those exorbitant gas prices, or even rent the hotel room that you’d need to escape a hurricane, wild fire, flood, or other natural disaster if and when one threatens your area.

Granted, it may not go as far as you need it to should disaster strike, but at least a credit card with your “emergency fund” in available credit will give you options that you may not otherwise have. And those options can be the difference between life and death in some cases.

Can’t Get a Credit Card?

If you’ve had a serious financial setback, it can really hurt your credit score… even to the point that you may not be able to get a conventional credit card.  And if that’s the case, it can be very difficult to get your credit back on track.

First and foremost, you’ll want to try and clear up the worst of the mess you’ve made of your credit score.  Pay off as many of your delinquent accounts as possible, dispute any errors that you find on your credit report, and start trying to rebuild your credit as soon as you can.  But, how can you rebuild your credit if no one will give you an actual credit card?

Actually, there are a couple of good, solid options when you can’t get a conventional credit card –

 

Apply for a catalog shopping card, such as a Fingerhut Credit Account issued by WebBank . Catalog cards, and Fingerhut in particular, make it their business to work with customers who may not be able to get credit anywhere else. And even if you aren’t approved for a regular Fingerhut account, you may still qualify for their “fresh start” credit program, which would require you to put down a small deposit with your first order.  Either way, with Fingerhut, you’ll be able to shop from among hundreds of thousands of reasonably priced, name brand products, with competitive pricing, and an interest rate that is inline with other catalog shopping sites.  Plus, Fingerhut reports your responsible purchase and payment history to the major credit bureaus, so you can improve your credit score and still have the purchasing power you need.  From personal experience, I’ve seen what opening a Fingerhut credit account can do to help you improve your credit score, and I highly recommend this option.

 

Get a secured credit card.  Getting a secured credit card is the guaranteed way to have a credit card, even though it’s not exactly a conventional credit card.  With a secured credit card, you’ll have to deposit money up front, and then the credit card provider will issue you a credit card with a credit limit that is typically equal to the amount of your security deposit.  You’ll then use the credit card just like a conventional card, making payments towards any purchases you make, and they, in turn, will report your responsible use and good payment history to the major credit bureaus.  Most secured cards have a very reasonable interest rate and many even convert to a conventional credit card after a certain period of time.

 

Either way that you choose to go, or perhaps both ways if you have the ability to do so, you will see the improvement that you need to see in your credit score as long as you demonstrate responsible usage of the credit that you get.  Just remember, it takes time and determination to get back on track once you’ve had financial problems, but it can and it must be done!

Christmas Shopping?

With the unseasonably cool temperatures over most of the country, it’s beginning to feel like Autumn… Already there are ads running for fall decorating, pumpkin spice everything arrives in just a couple of weeks, and you know that Christmas isn’t far behind (about 137 days or so, to be exact).

Have you given any thought to how you’ll be able to afford Christmas shopping this year?

Like it or not, the Christmas shopping season is literally almost upon us – or at least upon those of us who start shopping in September rather than wait until the last minute.  What about you?  Will you be an early shopper this year?  Or will you wait and hope for a money miracle?  Personally, rather than wait for an unexpected windfall, I’d much rather plan ahead, order as much as I can online, and then sit back and actually enjoy the season once it actually arrives.  And a large part of that planning (and shopping) usually involves Fingerhut.

Unlike a lot of catalog shopping sites, Fingerhut has thousands of name brand, popular products available at competitive prices, and even better, they list the monthly payment amount right alongside the full cash price of the item, so you can see how your purchases will fit into your budget after the holidays have come and gone… there will be no ugly surprises come January!   And, just like most other shopping sites, Fingerhut has sales, special offers, and even promo codes, so you can really get some good deals if you shop as carefully as I do.

Fingerhut even has a giant Christmas catalog that they’ll send you in the mail once you sign up for an account.  (Honestly, their catalog reminds me of the big “wish” books of years gone by – there are so many things to choose from.  Toys, electronics, clothing, shoes, home furnishings, holiday decor, and more!)

And, that’s not all.  With Fingerhut, it’s easy to fill out the application (just answer a few simple questions), get approved (most people do), and start shopping today!

Worried you won’t be approved for a Fingerhut Credit Account issued by WebBank ?

Unlike a lot of places, Fingerhut really works with those of us with less than perfect credit. Not only do most people get approved for a Fingerhut Credit Account issued by WebBank , but a Fingerhut account can actually help you improve your credit score, first by reporting your regular payments to the major credit bureaus and secondly, by extending credit in the first place (giving you that all important “available credit” that accounts for about 30% of your credit score).

So go ahead, apply for your Fingerhut Credit Account issued by WebBank and get started on your Christmas shopping today!

Easy New Shopping Site! Shop TODAY!

Easy Plum Easy Credit! Apply Now, Start Buying Immediately!It’s not often that we find a new site that is as awesome as this one!  Even if you’ve been turned down for credit before, EasyPlum makes applying for credit to buy the things your family needs, wants and loves, quick and simple!

Even better, when you apply for an Easy Plum Credit Account issued by Klarna, you’ll get an answer instantly, which means you could start shopping right away. Easy Plum works with people every day who have (or had) credit challenges! Even better, Easy Plum helps you build your credit history and buying power by simply making your payments on time. Easy Plum reports your payment history to the major credit bureaus to provide you with great value for your hard earned money.

And, Easy Plum offers the latest in electronics, furniture, appliances, outdoor products, jewelry and more, with financing options to help make it all affordable for you! Once you’re approved, use your credit account to shop thousands of brand name products including HP, Cuisinart, Samsung, DeWalt, Panasonic and so much more at EasyPlum!

Easy, Fast & Secure. EasyPlum.com Instant Credit! Find Out Now & Shop Brand Names Today!

Back to School Shopping?

Back to school shopping can get really expensive… Between buying the kids new clothes, new shoes, new computers, tons of school supplies, and then paying ALL those fees when you actually enroll them in school, it can really wreck your budget!  I mean really, who has that much cash put back just for back to school shopping?

This year, instead of draining every penny out of your budget (right before the holidays), why not shop the smart way?  Get yourself a Fingerhut Credit Account issued by WebBank and shop for everything online!

Not only does Fingerhut carry hundreds of thousands of products, but these are trusted, name brand products… you know, the popular things… this year’s hot new sneakers, or that particular shirt. And let’s not forget the electronics! From laptops to cell phones to the latest game console, if you’re looking for electronics, Fingerhut has them!  All at competitive prices that won’t wreck your budget.  (With Fingerhut, you even know the monthly payment amount of every item BEFORE you buy it, so you can plan the amount that you’ll need to pay back!)

You can literally get almost everything on your back to school list without ever leaving your house… and, once you’ve placed the order, you just sit back and in a few days, Fingerhut will deliver it right to your door!  What could be easier?

So, go ahead, take this year’s back to school shopping list, apply for a Fingerhut Credit Account issued by WebBank , and stop worrying about where the money is going to come from!

(And if you’re sending one off to college this year, be sure and check out Fingerhut’s complete line of dorm room must haves!)

Thinking About Cancelling Your Credit Cards?

So, you’ve worked really hard to pay off one or two of your credit cards…it’s really tempting to just close that credit card account so you won’t even be tempted to use it again, but should you cancel paid off credit cards, even if you’re not using them?


The decision to close a credit card account, even one that you aren’t using, is not nearly as simple as it may seem.  Not only will closing the account limit the amount of available credit you have in the event that you need it at some future time, but you can also seriously hurt your credit score because closing that account can potentially affect two separate credit score indicators, your credit utilization and your payment history.

Remember, your credit utilization score is the percentage of your total available credit that you are using at any given time.  So, if you’ve got $3,000.00 in total credit, but you’re using $1,000 of it, your credit utilization score is 33 1/3%.  But, if you close one credit card with a $1,000 credit line, then you’re reducing your available credit to $2,000, and if you’re using $1,000 of that amount, your credit utilization score will immediately jump to 50%, and that’s way over the 30% credit utilization score that lenders like to see.

And that’s not the only thing that closing an account that is in good standing can affect.  When you close an account with a long payment history, that you’ve had for a number of years, you’re running the risk of lowering your credit history score, which is based on how many years you have had credit and whether or not you’ve made regular, on time payments.

So, is closing the credit card account really worth the risk?

Although closing a credit card account can negatively affect your credit score, there are times when it makes sense to close the account… especially if the credit card has a high annual or even a monthly fee and/or you can replace the available credit with another credit card with no annual fees, or maybe even a lower interest rate.

Either way you choose to go, think before you cancel that credit card!

What is My Credit Utilization Score?

So, you’ve been paying attention to your credit scores, and you understand the payment history, age of accounts, and other stuff, but do you know what the Credit Utilization score on your credit report means?  Credit utilization is exactly what it sounds like, it’s how much of your available credit that you are currently using.  You can calculate your credit utilization by taking the total amount of credit that you have available on all of your credit cards and dividing it by the balance owed on all of the cards.


For example, let’s say you have a credit card with a $1,000.00 credit limit, but you’re carrying a balance of $600.00 on the card – that means you’re using 60% of the total available credit that you have with that credit card provider, which may not seem too bad to you, but to a potential lender, it means you’re using the majority of your available credit.  If your credit cards are maxed out, you’re using 100% of your available credit, also not a good thing.

Typically, you want to use 30% or less of your total available credit at any given time, and if at all possible, you want to break that down even further and use only 30% of your total available credit on any individual account, as well.  (Unbelievably, some creditors and credit bureaus also look at individual credit cards now, too!)  Using more than 30% of your available credit actually brings your credit score down a few points to a lot of points because your credit utilization score accounts for 30% of your total credit score.

So what can you do to better your credit utilization score?  Ideally, you should pay off all of your credit cards every month, but in the event that you can’t, you might want to consider getting another credit card to increase your available credit – that credit card can be a balance transfer card, a regular credit card, or even a catalog shopping card (like a Fingerhut Credit Account), just as long as you don’t go overboard when applying for new credit cards, and just as long as you don’t run up a new bill on your new credit card!

Note:  Your Credit Utilization Score only includes your revolving credit accounts.  Any mortgage or automobile loans are not taken into consideration.