Your WebBank/Fingerhut Credit Account payment activity can be reported to the credit card bureaus. That means if you default on your account or consistently make late payments, negative information can be added to your credit history which can lower your credit score.
On the other hand, if you make all payments on time, stay within your credit limit, and otherwise keep the terms of your WebBank/Fingerhut Credit Account agreement, that good payment behavior should also be reflected on your credit history and could bring your credit score up.
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