Yes, obtaining a secured loan can be an effective strategy to improve your average credit score. Secured loans are backed by collateral, reducing the risk for lenders and often making them more accessible to individuals with lower credit scores.  By consistently making on-time monthly payments on your loan, you demonstrate financial responsibility and reliability to credit bureaus, which positively affects your credit score. Each on-time payment is reported to the credit bureaus, contributing to a positive credit history and gradually improving your average credit score. It’s important to manage these loans wisely, as late payments can negatively impact your score.