The early adopter types that would be likely to specify their own defaults are also the kind most a risk for leaving the platform in search of more control of their experience, anyway.
Credit card issuers closed risky accounts, cut credit limits on millions of accounts, and tightened lending standards to cut their risk of defaults and late payments.
This history has spawned a deep-seated fear of formal default (though many poor countries have had de facto defaults as their debts have been rescheduled).