A co-signed loan requires a family member or close friend to guarantee the loan for you. He must sign the loan with you. By accepting this, the co-signer gives his word, that in the event of default on your part, he will pay for you. They consider their credit score with yours when you apply for the loan. If you postpone or do not pay a payment, it will negatively affect your credit and that of your co-signer. If you are sure that you have the necessary means to repay the loan, you will find it wise to ask for a co-signer. You only need to find someone who trusts you fully and who is willing to put their credit at risk to help you.
Even if you don't have the best credit score, a secured loan will work for you if you have assets that you can give as insurance. Your assets such as your car or your home guarantee, without any problem, the repayment of your loan. In the absence of payments, the financial institution will probably seize your property to pay for itself. A similar loan requires a certain capacity to repay your loan, otherwise you risk losing all your assets.