Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application:

Characteristic	Value
Annual gross income	$24,000
TDS	20%
Relations with FI	Both
Major credit cards	3
Age	24
Residence	Own/Mortgage
Length of residence	7.5 years
Job stability	9.5 years
Credit history	Missed 3 payments

Characteristic	Characteristic Values and Weights
Annual gross income	<$10,000	$10,000−$25,000	$25,000−$50,000	$50,000−$100,000	>$100,000
Score	0	10	20	35	60
TDS	>50%	35%−50%	15%−35%	5%−15%	<5%
Score	−10	0	20	40	60
Relations with FI	None	Checking account	Savings account	Both
Score	0	10	10	20
Major credit cards	None	Between 1 and 4	5 or more
Score	0	20	10
Age	<25	25−60	>60
Score	5	25	35
Residence	Rent	Own with mortgage	Own outright
Score	5	20	50
Length of residence	<1 year	1−5 years	>5 years
Score	0	25	40
Job stability	<1 year	1−5 years	>5 years
Score	0	25	50
Credit history	No record	Missed a payment in last 5 years	Met all payments
Score	0	−15	40

The loan is automatically rejected if the applicant’s total score is less than or equal to 120. The loan is automatically approved if the total score is greater than or equal to 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision.

a.	Calculate Joan Doe’s credit score.

Credit score