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.
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.