How exactly would BlackSmith enforce the overdue payment? By sending the user to court?
In German-speaking (DACH) countries the companies aren't lazy and they will take you to court and the court will make you pay all legal and court fees as well as the debt. It's a near certainty they will bother. In the USA you're hoping they won't bother and they'll be satisfied with just banning you as a customer. I think this is because each party pays their own legal fees in the USA.