You are a senior lender in your branch. A new employee who is learning to lend has approached you with his credit deal that you need to review. You are to note any errors and provide the trainee with the correct information. The customer scenario is listed below, use this to assist you in making adjustments and or corrections to the credit deal. (22 marks) Brian and Marie Peterson are looking to consolidate their credit card debts as they seem to be out of control. Brian has been working for the last 5 years at Ikea as a store manager after graduating from his BBA at NAIT. Brian recently received a pay increase and had asked his employer to provide him with a salary letter to show his increase, this is included in the file. Marie works at City Ford as a sales representative for the last 3 years, she receives a base pay along with bonuses she says she grosses 120,000 annually. She mumbled that this year has not been very good as people aren't buying as many cars that is why she brought her Notice of Assessments from previous years to show you what she has made in the past. It is only a matter of time before things turn around she said! See their net worth statement for balances on credit cards and mortgage and loan payments. This is the information came from the credit bureau: Equifax shows he has never missed a truck loan payment and confirms a rating of R1, Marie's BMW loan is showing R1. Ratings on their credit cards from Sears, Visa are R2, they do however have a MasterCard with a R1 rating. Both husband and wife like the finer things in life as noted in their assets listed on the net worth statements. All credit cards are continuously at the maximum credit limits. They have a joint unsecured line of credit at Scotiabank which they used to consolidate their debt once before, its current rating is listed at R1 but they are only able to make minimum payments. There is a unsecured line of credit at RBC that they used for home renos last year they have only been making minimum payments as well. The Petersons are very concerned about their current situation and are feeling overwhelmed. Documentation provided: INCOME VERIFICATION: Notice of Assessment for Maria Peterson Tax year 2021 Line Description Total Income... 150 Deductions from total income.. Net Income........ 236 Deductions from net income... 260 Taxable Income.......... Amount 119,575 16,785 102790 15500 87290