Lucas has applied for a loan of $100,000 to buy a boat from the bank, where he has a cheque account. Lucas is 25 years old. Lucas has worked as a secretary at an IT company for 9 months since he graduated from Monash. He rents a house and holds some shares of Qantas. Ltd (worth $76,000). Lucas has no savings but has a Porsche 911. Lucas has no credit history. You are the lending officer at Lucas's bank and are responsible for his loan application. Using the Credit Scoring Model in Table 1 below, you will determine Lucas's credit scores. Table 1. Credit Scorecard Factors for predicting credit quality Points value 1.Customer's occupation or line of work. Professional or business executive. Skilled worker Clerical worker Student Unskilled worker Part-time employee 10 8 7 4 3 2 2. Housing status Owns home Rents home or apartment Lives with friends or relatives 6 4 2 3. Credit rating Excellent Average No record Poor 10 5 2 0 4. Length of time in the current job More than one year One year or less Unemployed 5 2 0 5. Number of dependants reported by the customer None One Two Three More than