I'm glad to hear that
this is being reported. This happened to us TWICE in about a month a few years ago, during the time right after I had the spine injury and was paralyzed, thus we were not thinking about bills for a few weeks. (Literally, only a few weeks -- like three.) It was the financial snowball effect -- we went from having a monthly bill of, oh, say, $200 to them wanting about $600 (again, twice) RIGHT NOW. It sucked, especially given that I had been their customer for almost twenty years WITHOUT ONE SINGLE LATE PAYMENT THE ENTIRE TIME. And especially given that with the medical conditions (and resultant inability to live in our house for several months) we lost five sources of income at the same time.
I will never have a credit card again. Ever. I hate them. They're like crack and now that I'm off of them, I never want another one. (Even Einstein was afraid of the power of compound interest.) If / when the credit card companies ever go belly-up, I will laugh, and laugh, and laugh, and laugh. And laugh.