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.

Only Shonda should apply because she has a good credit history and very little debt, which will likely result in better terms for the loan. Miguel's past issues with missed payments and medical issues may negatively impact their chances of getting a loan with favorable terms.