Will checking my financing options affect my credit score?

No, checking your options with Wisetack involves a soft credit pull. Accepting a financing offer can affect credit, and repayment behavior will also affect credit.

Why would I use Wisetack instead of a credit card?

Wisetack offers fixed monthly payments with simple interest and no hidden fees, which can be more affordable and predictable than credit card payments.

Offer extended 0% APR options up to 24 months*

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Frequently asked questions

Q: How does Wisetack work?

Wisetack allows consumers to pay over time for services by breaking up the cost into easy monthly payments. The application is quick, and checking options doesn't impact credit scores.

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How does Wisetack work?

Wisetack is a simple way to pay over time for a service or product. From home improvement projects to necessary repairs to your vehicle, Wisetack enables you to break up the cost of a purchase into easy monthly payments. When financing through Wisetack, checking your options doesn't impact your credit score (learn more here). And there are no prepayment fees, late fees, or compounding interest.

The application is initiated by the service provider and completed by you. On average, the application takes about a minute to complete. If eligible, you will receive several options to choose from with various term lengths and monthly payment amounts.

When you finance through Wisetack, the service provider is paid directly, and you pay over time.

*All financing is subject to credit approval. Your terms may vary. Payment options through Wisetack are provided by our lending partners. For example, a $5,500 purchase could cost $253.54 per month for 24 months, based on a 9.9% APR, or $1,833.33 per month for 3 months, based on a 0% APR. Offers range from 0 to 35.9% APR based on amount requested and creditworthiness. Not all merchants and lending partners participate in 0% interest programs. Terms range from 3 - 120 months and may vary based on merchant, lending partner, or transaction size. State interest rate caps may apply. No prepaid finance charges or participation fees. See additional terms at wisetack.com/faqs.

Can I use Wisetack without a mobile phone number?

Unfortunately, no. You need a mobile phone number in order to use Wisetack. For security purposes, we send you a verification code via SMS when accessing the application.

Why would I use Wisetack instead of using a credit card?

The rate you get with Wisetack may be lower than the rate your credit card company charges for maintaining a balance. Our financing options have simple interest, while credit cards charge compound interest. We don’t charge late fees, prepayment fees, or origination fees.

With Wisetack, you know exactly how much you will pay. Many people like knowing the exact monthly payment amount and find that financing with a fixed term for a specific purpose may be more affordable than a credit card.

Will viewing my financing options impact my credit score?

No. When checking your eligibility, Wisetack and its lending partners perform a soft credit pull, which means that your credit score will not be affected. However, accepting a financing offer can affect credit, and repayment behavior will also affect credit.

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

Will taking out a loan impact my credit score?

Accepting a financing offer can affect credit. Repayment behavior will also affect credit — paying back on time can have a positive impact while paying late will have a negative impact. It’s easy to set up automatic payments to ensure on time payments and help build a positive credit history.

Checking your eligibility for financing does not impact your credit score (learn more here).

Why does my credit score vary, and what causes it to change?

There is no "one" credit score, as it turns out. The article below explains why credit scores vary and all the major factors that can cause a change in credit scores:

‍Why are my credit scores different? from Credit Karma

(note: Wisetack has no affiliation with Credit Karma)

Where is Wisetack available?

Wisetack is available in the United States, and can be used in all 50 states. Wisetack is not available in U.S. territories or outside the United States.

You can finance your purchase through Wisetack by working with a participating service business. Wisetack partners with tens of thousands of providers offering services such as plumbing, fencing, HVAC, hardscaping, roofing, dental care, and auto repair. To find a participating business near you, call Wisetack at 1 (833) 927-0333.

If you’re working with a service provider that doesn’t yet offer Wisetack, let them know it’s easy to get started. We’re happy to guide them through the process — just have them call us at 1 (833) 927-0333.