Why is Fingerhut so expensive?

United States
August 5, 2007 4:46pm CST
Today I was browsing the Fingerhut website and came across a really cute "My little pony" comforter. And, when I looked at the price it said, $59.00! At first I thought that must be the price for the entire set, comforter, sheets, pillow sham, etc. But, the price was just for the comforter! Can you believe it? I have seen an identical "My little pony" comforter for under $20 at the online Kmart store. Have you noticed how expensive the Fingerhut has gotten lately? Why do they charge so much money for stuff you can get so cheaply at any store? Aren't they already making a fortune on the interest that they are charging people who buy their stuff on installment plan? I guess I could understand buying something from them that I needed now, but could not otherwise afford. But, there's no way I would pay $60 for something that I could find elsewhere for $20! Outrageous, don't you think? Have you had the same "sticker shock" experience when you try to shop with Fingerhut or other installment plan retailers?
2 people like this
7 responses
@lecanis (16741)
• Murfreesboro, Tennessee
5 Aug 07
I got one of their catalogs recently, and was just thumbing through it going "WHAT?" I can't imagine people actually paying those kinds of prices for things. And if someone out there can afford to spend thousands of dollars at Fingerhut, can I have a loan? =p I just can't imagine paying those kinds of prices for anything, especially since like you said many of the items seem to be just the same as the stuff you could get at the store.
1 person likes this
• United States
5 Aug 07
I know! I know! I had one of their catalogs awhile back and it was just ridiculous. Then I saw that they had on online store and figured they might actually pass some of the money savings onto me the customer! Not! They have actually raised prices on their website. I don't think I need most of their stuff that bad.
1 person likes this
@lecanis (16741)
• Murfreesboro, Tennessee
5 Aug 07
Wow, I can't imagine the prices being higher than in the catalog even! I can't think of anything they sell that I need that badly either! Not even a My Little Pony comforter, though that does sound pretty tempting! *giggles*
1 person likes this
• United States
6 Aug 07
I knew better than to show the My Little Pony comforter to my three year old or she would have said, "Daddy's gotta buy that for me!" I swear, she actually knows how to say that. It's all my fault. Beautyqueen is not just my username. It's my way of life! Or, at least it was before she came along. I used to shop big time before she came along. I think the child inherited my shopping genes! LOL! She's going to be a big spender just like I was. Heaven forbid.
1 person likes this
@twoey68 (13662)
• United States
11 Aug 07
You bet their expensive not to mention you end up paying 3x's as much b/c its paid in payments. The same thing applies to rental centers. We had to rent our washer and dryer when we moved into our apartment and I know we've paid at least twice what they were worth...but we needed them right away and it was our only option. Your really farther ahead to to just put back the money a little at a time unless its something you really need to have at that time. AT PEACE WITHIN
1 person likes this
• United States
11 Aug 07
Isn't it so true?!!! Sometimes I think it would just be better to buy something slightly used and save it from the junk yard. Better for the environment as well.
@Savvynlady (3686)
• United States
9 Aug 07
The reason that this comforter is so expensive at Fingerhut is for one reason only, and that is they are selling it under credit(whereby you are paying installment payments instead of outright for it) and that is what make them so expensive. At the same time, they are selling you the set but at a price and plan that isn't practical. Hope it help you.
1 person likes this
@wiccania (3362)
• United States
6 Sep 07
I think that it's so expensive because of the "financing" option. Yeah, a person can probably get the whole set at Kmart for the price of just the comforter. But maybe someone is unable to save, but is able to pay $10 a month for 12 months to get the comforter set.
• Baton Rouge, Louisiana
8 Sep 14
The prices aren't high because of the financing. The high price is just for the item itself. If you charge it, Fingerhut charges enormous finance charges on top of it. And on top of that, they charge exorbitant amounts for shipping. An item that sells on Amazon for, say $300, can wind up costing over $1000 from Fingerhut when you factor in the inflated price, loan shark type interest payments, and obscene shipping charges. People buy from them because Fingerhut is the only company that will extend credit to them. The people who do pay off their purchases are covering the losses that Fingerhut incurs by deadbeats defaulting.
@crazed_moma (1054)
• United States
26 Aug 07
Two reasons. 1. convience! You pay for it, big time! 2. ease of credit: they gotta make up for the people who don't pay for their stuff some how. and that would be by passing on the cost to you! How sweet.
@razcal2267 (15577)
• United States
6 Aug 07
I had no idea that Fingerhut was even still in business. I have bought anything from there in years. The prices used to be average or better then average. It is sad to hear that the prices have gone up so much. I was actually glad to hear that they were still around but after reading that their prices are no longer worth it I will not even bother to look at their site.
@KrisNY (7609)
• United States
6 Aug 07
That is exactly why- Most people buy through them when they need to pay in installments or lay-away type of sales- they don’t have the money right then- For some reason or another don’t have a credit card or don’t want to use one- so Fingerhut can raise the prices and they have to pay that outrageous amount if they want it- It’s terrible of Fingerhut- but it’s how they make a buck- I imagine the company has a lot of no-pays and collection issues- No to little credit customers. So in order to make a profit- they charge and ungodly price. Of course this is just my opinion.