--/5 Question 2 View Policies Current Attempt in Progress Tarek has been watching money-guru YouTube videos. Some of these gurus have been forecasting a major decline in the economy, which might lead to Job insecurity. As a result, they're recommending that people should avoid debt at all costs and instead use cash to buy what they need. Tarek would like to follow this approach when managing his own financial affairs, but there are a few problems. First, Tarek's car recently broke down completely, and the repairs will cost much more than the car is worth He now needs a new vehicle. Unfortunately, Tarek's emergency fund is not fully established yet, and he doesn't have the cash to buy anything that would be both safe and reliable. He has another problem: when he was in college, he had a credit card but sometimes made late payments. Although he eventually paid off the credit card and cancelled it, his credit score is still on the low end of the FICO score range Tarek has come back to you with a few more personal finance questions. Help Tarek work through his questions and issues by providing advice that will help set him on the right financial path. Assuming that Tarek can obtain a car loan, how will making timely payments influence his credit score? What other things can Tarek do to reestablish his credit score? BIVT T'I EE 11 E 2 = to m