1. Sep 6, 2001 #1
   

   kevinw01 Well-Known Member

   Hello There,
   
   I just wanted to know what is consider a tier1 bank? and what is consider finance companies?
   
   Please advice...
   
   Thanks,
   
   Kev

    

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3. Sep 6, 2001 #2
   

   lifetime Well-Known Member

   I think all banks are tier 1. Finance companies are a lower tier. Example America General Finance. Try to avoid finance companies, they bring down your score.

    
4. Sep 6, 2001 #3
   

   marci Well-Known Member

   Kevin,
   
   The first post in this "rescoring info" thread will explain the difference.
   
   http://consumers.creditnet.com/stra...threadid=11603&perpage=20&pgnum=&pagenumber=1

    

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