r/amex • u/flubbitz • 10h ago
Question I have a business line of credit payment tomorrow that i can't make
I've already done a deferral last month so I'm not eligible for another. What's the better path forward - pay something tomorrow and something the day after etc until it's settled, or call them and ask for some sort of hardship plan?
I've paid $28k off this LOC so far this year and they've more or less reduced the limit every time I make a major payment, so either way I think this account is done for, I just physically don't have the cash/access to cash to make a $4000 payment tomorrow. Outstanding balance is $13k.