Federated Closes Fingerhut Receivables Sale to CompuCredit

Share this article:
Federated Department Stores Inc., Cincinnati, on Friday announced the closing of the sale of about $1.2 billion of Fingerhut receivables to CompuCredit Corp., Atlanta.


The transaction also includes the assumption of $450 million in receivables-backed debt that has been issued by the Fingerhut Master Trust.


Additional terms were not disclosed.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.