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by toast0
1443 days ago
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Past (Good) payment history on an installment loan is a reasonable indication of likely future payment on an installment loan. For sure, current income is a more important predictor of future income and future sufficient income is a predictor of future payment. Installment loans are a decent part of credit scores, but mortgage lenders look into the details, so credit score isn't everything to them like it can be for smaller loans. |
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