Read the case study below and choose the best possible answer to the following questions.
During Jennifer’s first year of college, she and her friends made a weekly trip to the mall. Most of the time they would just hang out, but Jennifer had applied for several store credit cards. It didn’t seem like a big deal. She would buy a few things each week, and the cards made it really easy. Jennifer had a work-study job on campus, but with all her other bills, she was having a hard time making the card payments. At the end of the term she was $2,000 in debt and was two months behind making the minimum payments.