When you make a purchase with the Fingerhut FreshStart Credit Account, you have the option to pay off your balance over a period of six or eight months. The specific number of months will depend on the terms of your purchase and will be calculated at the time of your order.
This payment plan allows you to spread out the cost of your purchase into manageable monthly installments. The monthly payment amount will be determined based on the total order amount, including shipping and handling fees, taxes, and any applicable finance charges.
It is important to note that the interest rate for the Fingerhut FreshStart Credit Account is currently set at 29.99%. This means that you will be charged interest on the remaining balance of your purchase until it is fully paid off. The interest charges will be included in your monthly payment calculation.
For example, let’s say you make a purchase of $500 through the Fingerhut FreshStart Credit Account. If you choose the six-month payment plan, your monthly payments would be calculated to cover the total cost of the purchase plus the interest charges over the six-month period. Similarly, if you choose the eight-month payment plan, your monthly payments would be spread out over the eight-month period.
It is worth noting that the Fingerhut FreshStart Credit Account is designed to help individuals build or rebuild their credit. By making regular, on-time payments, you can demonstrate responsible credit behavior and potentially improve your credit score over time.
In my personal experience, I have found the Fingerhut FreshStart Credit Account to be a convenient option for making purchases and paying them off over a few months. The flexibility of choosing between six or eight months allows me to select a payment plan that aligns with my budget and financial goals. However, it is important to carefully consider the interest rate and ensure that you can comfortably make the monthly payments before committing to a purchase.
The Fingerhut FreshStart Credit Account offers a convenient and accessible way to make purchases and pay them off over a set period of time. By understanding the terms and considering your own financial situation, you can make informed decisions about the number of months you will pay Fingerhut and effectively manage your credit obligations.