Who is Fingerhut Collections?
Fingerhut Collections is the debt collection arm of Fingerhut, a well-known catalog and online retailer based in Eden Prairie, Minnesota. Fingerhut is a subsidiary of Bluestem Brands, a prominent retail conglomerate.
If you have defaulted on a Fingerhut Credit Account issued by WebBank, you may see Fingerhut Collections listed on your credit report as a collections account. This occurs when your Fingerhut account becomes delinquent, and the responsibility for collecting the outstanding debt is transferred to Fingerhut Collections.
How can I remove Fingerhut Collections from my credit report?
Fingerhut collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collection account from your credit history before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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Fingerhut Contact Information
7075 Flying Cloud Dr.
Eden Prairie, MN 55344
Phone number: (800) 208-2500
Should I contact or pay Fingerhut Collections?
Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Sometimes, credit reports contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock. As a result, it could harm your credit rather than improve it.
The most effective way to deal with Fingerhut collections is to work with a credit repair professional. They help remove millions of negative items every year from companies like Fingerhut on behalf of their clients.
Will Fingerhut Collections sue me or garnish my wages?
Fingerhut Collections, like other debt collection agencies, has the option to pursue legal action if they are unable to collect the outstanding debt through other means. If Fingerhut Collections sues you and obtains a judgment, they may garnish your wages or levy your bank accounts to satisfy the debt, depending on your state’s laws.
However, it’s important to note that legal action and wage garnishment are typically considered as last resorts. Debt collection agencies typically prefer to explore alternative options for debt resolution before pursuing such measures. This may involve negotiating a payment plan, offering a settlement, or finding a mutually agreeable resolution to the debt.
Fingerhut Collections Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Fingerhut Collections
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collector from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Fingerhut Collections to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Fingerhut Collections may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Fingerhut Collections must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Fingerhut Collections cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Fingerhut Collections From Your Credit Report Today!
Credit Saint can assist you in disputing Fingerhut collections. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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