The Smith family has applied for a $65,000 loan to make home improvements, especially to install a new roof, kitchen, main floor bathroom and fireplace in the family room. Mike Smith is a bank senior credit analyst at The Milford Bank, the third year he has held that job and his wife is a financial planner at Newtown Savings. The have 2 children. The Smiths own their home, which they purchased three years ago, and have an average credit rating. They have a telephone, but only a checking account with a bank and a few bonds. Ms. Smith has a $50,000 life insurance policy with a cash surrender value of $5,000. Suppose the lender uses the credit scoring system presented in Chapter 18 and denies all credit applications scoring fewer than 300 points. Is the Smith family likely to get the loan? Please give your decision and credit score table.