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Does Fingerhut Affect Your Credit Score?
July 1, 2025

Quick Answers
Fingerhut reports your account activity, including payments and balances, to all three major credit bureaus: Experian, Equifax, and TransUnion.
Consistent, on-time payments can help build a positive payment history, which may improve your credit score over time.
Conversely, late or missed payments will be reported and can negatively impact your credit score, similar to any other line of credit.
What Is Fingerhut?
Fingerhut is an online retailer that operates similarly to a digital department store, offering a wide range of products from electronics to furniture. Unlike typical e-commerce sites, Fingerhut extends its own line of credit to customers, allowing them to purchase items and pay for them over time. This model is often utilized by individuals who may have difficulty securing traditional credit due to a limited or poor credit history.
When a customer makes a purchase using a Fingerhut credit account, they are essentially financing the item through the company itself. Fingerhut then reports the account activity, including payment history, to the three major credit bureaus—Experian, Equifax, and TransUnion. As a result, making timely payments can positively influence a consumer's credit score, while late or missed payments can have a detrimental impact.
How Fingerhut Can Affect Your Credit Score
Using a Fingerhut credit account can be a tool for building credit, but it's crucial to understand how it impacts your score. Your financial habits with the account are the deciding factor.
- Initial Application: Applying for a Fingerhut credit account often triggers a hard inquiry on your credit report. This can cause a minor, temporary dip in your credit score.
- Account Reporting: Once opened, the account is reported to major credit bureaus. This can diversify your credit mix but may also lower the average age of your accounts, which is a scoring factor.
- Payment History Impact: Your payment activity is regularly reported. Making consistent, on-time payments builds a positive payment history, the most significant factor in your credit score.
- Risk of Late Payments: Conversely, any missed or late payments are also reported. This negative information can significantly damage your credit score and stay on your report for up to seven years.
- Credit Utilization: The balance you carry on your Fingerhut account contributes to your overall credit utilization ratio. Keeping this balance low relative to your credit limit is beneficial for your score.
How Much Will Fingerhut Affect Your Credit Score?
How much a Fingerhut account will affect your credit score depends on several factors and your financial habits. Here are the main aspects to consider:
- Credit inquiries. Opening an account results in a hard inquiry on your credit report. This can cause a small, temporary dip in your credit score.
- Payment history. Making on-time payments can help build a positive payment history. Conversely, late or missed payments will be reported and can negatively affect your score.
- Credit utilization. A Fingerhut account increases your total available credit. Keeping a low balance helps your credit utilization ratio, which is a key factor in credit scoring.
How You Can Avoid Fingerhut Affecting Your Credit Score
Make On-Time Payments
Always pay your Fingerhut bill on time to prevent negative reporting to credit bureaus. Late payments can lower your credit score and may remain on your report for years. Setting up automatic payments is a great way to ensure you never miss a due date.
Monitor Your Credit Utilization
Keep your balance low compared to your credit limit. High credit utilization, even with timely payments, can signal risk to lenders and negatively impact your score. Aim to use only a small fraction of your available credit to maintain a healthy credit profile.
Understand the Initial Credit Check
Be aware that applying for a Fingerhut account results in a hard inquiry on your credit report. While the impact is usually minor and temporary, multiple hard inquiries in a short period can lower your score. Consider this before applying for new credit.
Ways to Improve Your Credit Score
Improving your credit score is not only possible but also crucial for your overall financial health. By following some proven methods, you can see meaningful changes within a few months of consistent, positive behavior.
- Monitor your credit reports. Regularly check your reports from Experian, TransUnion, and Equifax to identify and dispute inaccuracies, detect potential identity theft, and track your progress.
- Set up automatic payments. Your payment history is the most significant factor in your score, so setting up automatic payments helps ensure you never miss a due date.
- Reduce your credit utilization. Aim to keep your credit utilization ratio below 30% by paying down balances or requesting credit limit increases.
- Become an authorized user. Being added to the credit card of someone with a strong payment history can help boost your score, as long as the issuer reports it to the credit bureaus.
- Diversify your credit mix. Lenders like to see that you can responsibly manage different types of credit, such as credit cards, installment loans, and mortgages.
- Limit hard inquiries. Avoid applying for too much new credit at once, as multiple hard inquiries in a short period can temporarily lower your score.
The Bottom Line
Fingerhut reports your payment history to all three major credit bureaus. Consistent, on-time payments can help build your credit, while missed or late payments will likely lower your score.
Frequently Asked Questions
Does Fingerhut report to all three credit bureaus?
Yes, Fingerhut reports your payment history to all three major credit bureaus: Experian, Equifax, and TransUnion. This helps build a comprehensive credit history over time.
Can closing my Fingerhut account hurt my credit score?
Closing your account could negatively impact your score by reducing your overall available credit and shortening the average age of your credit history. Consider keeping it open.
Is the Fingerhut credit account a real credit card?
The Fingerhut Advantage Credit Account is a closed-loop store credit line, not a traditional credit card. It can only be used for purchases on their website.
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