Reporting to credit bureaus

Does Wisetack report my financing option to credit bureaus?

If you’re seeing your Wisetack loan on your credit report, that’s perfectly normal. We may report any financing options to the three major credit bureaus: Experian, TransUnion, and Equifax. 


How often do you report my financing options?

We typically report to the bureaus every 30 days, and it can take up to 60 days for them to update their files after that. 


How does this affect my credit score?

Failure to make the required payments can lower your score. This includes (but may not be limited to):

  • Incomplete payments
  • Late payments
  • Charged off loans


Click here for more details about payments