[iamtheworstdev]

It has a massive cost if it doesn't work out too. We're talking about an income bracket that could miss, say, one credit card payment minimum then due to a raise in the minimum for missing, probably miss the next. Situations like this are posted on reddit.com/r/personalfinance all of the time.

It's the same reason municipalities are dropping jail time for unpaid fines, etc, as hourly workers that miss one day of work unexpectedly are often fired and then end up in even more financial misfortune.