If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
About the company: Fingerhut credit was set up in the year 1948. Since then it has transformed from a small entrepreneurial business house in to a direct retailer with network spreading across the nation. Fingerhut credit has a wide range of products to offer and company offers credit for buying these products. The product range includes toys, house wares, beauty products, jewelry and various other items. Credit is usually extended in different forms. It may be in form of easily spaced monthly payments or with the help of a credit card. These monthly payments are made possible with Fingerhut Credit Account, which is issued by CIT Bank. Benefits of using a Fingerhut Credit Account: In a nut shell Fingerhut Credit claims to provide the following benefits to its customers:
- Delivery at doorstep
- Convenient Credit
- Trial for 30 days
- Low Monthly payments with the help of Fingerhut Credit Account.
- Credit limit of the account grows when the payment capacity of the customer grows.
- The company allows on line shopping and payment
- One is not required to make any down payments.
- The monthly payment is decided on the basis of the payment capacity of the customer.
- Fingerhut was acquired by Federated Department Stores Inc in February 1999. The deal was settled at USD$1.7 billion.
- The companys fulfillment contracts nosedived from 22 to 8.
- Fingerhut slashed its labor force by 24% (as of 2000).
- The parent company (Federated Department Stores Inc) shut down 5 e-commerce sites.
- After the acquisition, it was expected that Internet sale would reach a whopping USD$3 billion (2004) but the results were just the reverse. In the 2000, Internet sale was projected at USD$180 million only.
- During the period 1998-1999, Fingerhut Credit gave out credit cards to as many as 4 million customers. They charged a high rate of interest on the credit cards. Credit was also given to customers whose credit history was not good.