----- : 9. San Carlos Bank and Trust Company uses a credit scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion of this problem. The Mulvaney family has two wage earners who have held their present jobs for 18 months. They have lived at their current street address for one year, where they rent on a six-month lease. Their credit report is excellent but shows only one previous charge. However, they are actively using two credit cards right now to help with household expenses. Yesterday, they opened an account at San Car- los and deposited $250. The Mulvaneys have asked for a $4,500 loan to purchase a used car and some furniture. The bank has a cutoff score in its scoring system of 30 points. Would you make this loan for two years, as they have requested? Chapter Eighteen Consumer Loans, Credit Cards, and Real Estate Lending 629 Are there factors not included in the scoring system that you would like to know more about? Please explain. 8 points 5 points 2 points Borrower's length of employment in his/her present job: More than one year 6 points Less than one year 3 points Borrower's length of time at current address: More than 2 years 8 points One to two years 4 points Less than one year 2 points Borrower's current home situation: Owns home 7 points Rents home or apartment 4 points Lives with friend or relative 2 points Credit bureau report: Excellent Average Below average or no record Credit cards currently active: One card Two cards More than two cards Deposit account(s) with bank: Yes No 6 points 4 points 2 points 5 points 2 points