Very disappointing experience with Wiser.

Their advertising clearly suggests that applying for a debt consolidation loan will not impact your credit score and that a credit check will only occur if your application meets the criteria.

However, this was not my experience at all. My application was declined, yet Wiser still placed a credit enquiry on my file. As a result, my credit score dropped by around 51 points.

This is extremely concerning and contradicts the information presented to applicants during the application process.

I strongly recommend that anyone considering applying should be very cautious and fully understand the possible impact on their credit file before proceeding