But see, shouldn't a creditor be taking preventative measures to ensure you don't ever reach the point of not paying bills? Or at least limit their exposure to you when that happens?
At the end of the day, this is how it works. A credit score only knows what happened in the past, so additional monitoring outside of scores (balances, payments, inquiries, new accounts) is needed to give a full picture of a credit account. Past performance is indicative of future performance, but there is certainly not 100% correlation. The thing is that your ability to pay this debt can change in an instant. So moving debt around and carrying balances might show that you don't have the same ability you did in the past.
At the end of the day, this is how it works. A credit score only knows what happened in the past, so additional monitoring outside of scores (balances, payments, inquiries, new accounts) is needed to give a full picture of a credit account. Past performance is indicative of future performance, but there is certainly not 100% correlation. The thing is that your ability to pay this debt can change in an instant. So moving debt around and carrying balances might show that you don't have the same ability you did in the past.
@youngandcreditwrthy wrote:
I mean cld'ing, not closure!!!! Lol
Yes, that was a close one youngandcreditwrthy! Well, glad the outcome was positive and Barclays was able to reinstate your full CL. I can't recall, were you carrying a balance when the CLD happened? I know I'm definitely going to keep an eye to see if anything happens in the next 6-9 months with mine. I know others are also checking too... Ron1... Enharu...lol.
Havent used my card in over 7 months. I will be using it tomorrow for sure. Don't want to lose my CL 
@Open123 wrote:When it comes to Barclays, here's my view. They're *not* Amex or Chase; heck, they're not even Citi. At this point, once pass the 6 month clawback signing bonus threshold, just close their accounts if institute any AA.
At this point, if I even so much as see their number on my caller id, I'm just going to start closing their accounts and call it "self defense."
Be nice, they have had a very hard year: Chairman's statement....
Barclays experienced an extremely difficult 2012. In the wake of the announcement of the penalties relating to the industry-wide investigation into the setting of interbank offered rates, Marcus Agius chose to resign as Chairman and Bob Diamond subsequently resigned as CEO.
The Board moved swiftly to fill both positions. My appointment as Chairman was announced in early August and the appointment of Antony Jenkins as CEO was made at the end of that month.
The announcement of the penalties in respect of LIBOR and EURIBOR rates was in addition to the provisions made in respect of the mis-selling of PPI to consumers and interest rate hedging products to business customers, both of which were increased at the end of the year. Stakeholders’ trust in Barclays and the banking sector generally has been severely damaged by these events. We recognise that we must rebuild that trust and are determined to win it back through demonstrating real and fundamental change in our culture, especially the way we operate. We must demonstrate that going forward we are truly serving all our stakeholders, particularly our customers and clients, the communities in which we operate and society as a whole.
and today,a $453M fine was upheld on appeal and has to be paid within 30 days (Barclays is appealing).
So, if they do AA, don't take it personally, they are just very nervous....