Does Wisetack impact my customers credit?

Unlike many lenders, Wisetack only requires a soft credit check. This means customers can see and review their options without impacting their credit score.

You can learn about the difference between a soft versus hard credit check here.

When a customer has a completed loan, it may impact their credit. Like other lenders, we report payment history to the credit bureaus. Paying back on time can have a positive effect on a credit score while paying late will have a negative effect. It’s easy for customers to set up automatic payments to ensure on time payments and help build a positive credit history.