Secured installment loan
You can still get secured installment loans if you fall into the вЂњFairвЂќ credit score range, MyFICO states. The value of the loan is secured with an asset, like a car or home with a secured loan. If you default in the loan, the lending company can seize and liquidate the asset to settle your debt. There are many forms of guaranteed installment loans, including automotive loans, mortgages and home equity personal lines of credit.