Miguel and Shonda are married and applying for a loan. They have similar salaries.
Before they got married, Miguel had some medical issues and was out of work for a
few months. He got behind on some of his loan payments but has now caught up.
Shonda has a good credit history and very little debt. How should they apply for the loan?
• Neither is likely to get good terms in this circumstance.
• Only Shonda should apply because she will get better terms.
• Both should apply because their credit scores will average out to a good one.
• Only Miguel should apply because he has a longer history of borrowing money.