How can I defer a loan payment?

If you need to defer a loan payment (with no impact on your credit score), you can do so via the MoneyLion mobile app.


Open the Chatbot on the home screen by clicking “Tap for help” and type "defer loan payment” to get started.


In order to defer a payment, the follow criteria must apply: 

  1. Your loan needs to be in good standing.
  2. The payment you want to defer must not already be in process.
  3. The maximum number of deferrals you can make over the life of the loan is based on your payment schedule:
Pay schedule frequency Maximum deferrals over the life of the loan
Monthly 1
Twice a month 2
Weekly 3




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