Wisetack and GreenSky both let contractors offer homeowner financing with no annual subscription fee. You pay when customers fund, and not before. But the way they structure those per-job costs, the credit pull they use, the consumer experience they create, and the regulatory history behind each platform are completely different.
Here is the full side-by-side comparison.
How Each Platform Charges You
Wisetack charges a flat 3.9% per funded loan on standard financing products. Promotional 0% APR products stack additional fees on top: 4.9% for a 6-month promo, 6.9% for 12 months, and 9.9% for 24 months. Those fees stack on top of the 3.9% base rate.
GreenSky charges dealer fees that vary by loan product. Standard installment loans run approximately 3 to 6%. Promotional financing products (12-month 0% APR, 18-month 0% APR, etc.) typically run 8 to 15%+ depending on the promotional term. GreenSky does not publish a standard fee schedule publicly, so actual fees vary by dealer agreement.
Full Side-by-Side Comparison
| Feature | Wisetack | GreenSky |
|---|---|---|
| Annual Fee | None | None |
| Monthly Fee | None | None |
| Standard Loan Fee | 3.9% | 3 to 6% |
| 0% APR Promo Fee | 8.8 to 13.8% total (base + add-on) | 8 to 15%+ |
| FICO Minimum | ~540 to 550 | ~600 |
| Max Loan Amount | $25,000 | $100,000 |
| Loan Terms | 3 to 60 months | Up to 10 years (varies by product) |
| APR Range | 0% to 35.9% | 0% to 29.99% |
| Credit Pull (pre-qual) | Soft pull | Hard pull |
| Approval Speed | Under 60 seconds | Minutes to hours |
| Approval Rate | ~74 to 80% | ~70 to 80% |
| Business Age Required | Not stated publicly | 2 to 3 years |
| Payout to Contractor | 1 to 2 business days | 2 business days |
| Trustpilot Rating | 4.8 / 5 | 1.6 / 5 |
| Regulatory History | None noted | 2021 CFPB consent order |
| Lender Model | Multi-lender marketplace | Direct lender |
The 0% APR Fee Comparison
Promotional 0% APR financing is often the key closing tool in a contractor’s sales process. Here is what it costs on each platform for a $15,000 job:
Wisetack on a $15,000 job with 12-month 0% APR:
- Base fee: 3.9% = $585
- 12-month promo add-on: 6.9% = $1,035
- Total: 10.8% = $1,620
GreenSky on a $15,000 job with 12-month 0% APR:
- Dealer fee on 12-month 0% promo: typically 10 to 12%
- Total: approximately $1,500 to $1,800
On promotional products, the two platforms land at roughly similar cost levels. Wisetack is not dramatically cheaper than GreenSky on 0% APR jobs. On standard (non-promotional) financing, Wisetack’s 3.9% is meaningfully lower than GreenSky’s 3 to 6% range.
The FICO and Approval Rate Difference
Wisetack accepts customers starting at approximately 540 to 550 FICO. GreenSky’s floor is closer to 600. That 50 to 60 point gap is relevant in residential contracting, where a meaningful segment of homeowner leads fall in the 550 to 600 range.
A homeowner at 575 FICO gets declined by GreenSky. Through Wisetack’s multi-lender network, that same customer has a legitimate shot at approval because different lenders in the network have different underwriting criteria. That translates directly to more funded jobs from the same lead pool.
Wisetack’s approval rate sits at approximately 74 to 80%. GreenSky’s is reported at a similar 70 to 80% range, but the FICO gap means Wisetack approves some customers GreenSky simply cannot touch.
Hard Pull vs Soft Pull: Why It Matters in the Sales Conversation
GreenSky typically requires a hard credit inquiry. This affects the homeowner’s credit score, even if they do not accept any loan offer. Homeowners who are protective of their credit (a common concern, particularly among older buyers) will sometimes refuse to apply at all when they learn it involves a hard pull.
Wisetack uses a soft pull for pre-qualification. The homeowner can see what they qualify for, view their offers, and consider the options with zero impact to their credit score. The hard pull only happens if they accept a specific loan offer and move forward. This removes a significant objection from the sales conversation: “I do not want anything affecting my credit” becomes a non-issue with Wisetack.
GreenSky’s Regulatory History
In 2021, GreenSky entered a consent order with the Consumer Financial Protection Bureau. The enforcement action centered on GreenSky allowing contractors to originate loans on behalf of customers without proper consumer authorization. The settlement required $9 million in consumer refunds and a $2.5 million civil penalty.
GreenSky was subsequently acquired by Goldman Sachs in 2022 and later sold to Sixth Street Partners. The platform continues to operate, but the consumer complaint volume is notable. Their Trustpilot rating of 1.6 out of 5 reflects primarily consumer reviews focused on billing disputes, deferred interest charges, and loan origination complaints. This is not the contractor experience specifically, but it affects your customers.
Wisetack has no equivalent regulatory history. Their Trustpilot score of 4.8 out of 5 reflects a genuinely strong consumer and contractor experience.
The $25,000 Cap vs the $100,000 Cap
Wisetack’s $25,000 loan maximum is its most significant structural limitation. GreenSky covers up to $100,000 per loan. If your business regularly quotes jobs in the $30,000 to $80,000 range, Wisetack alone cannot serve those customers. GreenSky can fund those job sizes.
For contractors in that situation, the comparison changes: GreenSky may stay relevant specifically for higher-ticket jobs that Wisetack cannot cover, even if Wisetack is the better platform for standard-size work.
Hearth extends to $250,000 and eliminates the per-job fee structure entirely, which is why high-volume contractors with larger average tickets often end up on Hearth rather than either of these two platforms.
Which Platform to Use
Use Wisetack if: You want no annual commitment, your typical jobs run under $25,000, you are newer in business and GreenSky’s 2 to 3 year requirement excludes you, or you want the fastest possible homeowner approval experience with a soft credit pull.
Use GreenSky if: You have existing manufacturer or dealer integrations that route through GreenSky, your jobs regularly exceed $25,000 and you need the higher loan cap, or you specifically need GreenSky’s promotional products as part of a manufacturer-offered dealer program.
Consider neither if: Your annual financed volume exceeds $50,000, at which point a flat-fee platform like Hearth almost certainly costs you less than either of these per-transaction options.
The Bottom Line
On standard financing, Wisetack is cheaper and better reviewed. On promotional 0% APR products, both platforms land at roughly similar cost. Wisetack has better consumer reviews, a lower FICO minimum, a soft credit pull, and no regulatory baggage. GreenSky has a higher loan cap.
For most contractors who do not already have a GreenSky relationship, Wisetack is the better default starting point. GreenSky makes sense specifically when the loan size or an existing manufacturer integration requires it.
Ready to See If Hearth Makes Sense for Your Business?
Hearth gives contractors access to 18 plus lenders at a flat annual rate with no per-job dealer fees. If you finance more than $36,000 in projects per year, the math almost always works in your favor.