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Fingerhut is an American catalog/online retailer. [ 1 ] [ 2 ] Fingerhut is distinguished from other online retailers in that it incorporates a technique known as hire purchase , where customers can pay with credit, and make monthly payments until their orders are paid off.
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The new Fingerhut restarted with online and catalog sales in November 2002. In April 2003, The Petters Group, with two minority investors, purchased uBid . The same month, Fingerhut Direct Inc. announced it had obtained a $100 million line of credit to finance inventory and receivables.