Originally Posted by
Eujeanie
.... you can be an established person, with good credit, have cards for many years, always pay on time, then somehow out of the blue they think you're a risk that's going to run up thousands and walk away? Why?
If you lose your job, suffer a business setback, are faced with substantial medical bills, or have a large judgement entered against you, etc you may use credit cards as a source of liquidity, without having the means to continue to pay on time. Past performance demonstrates a willingness to pay, but not the ability to continue.