How can I defer a loan payment?

We can help! If you need to defer a loan payment (and with no impact on your credit score!), you can do so via the MoneyLion mobile app. Just open the Chatbot on the home screen and type "defer loan payment." In order to defer a payment, the follow criteria 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 is based on your payment schedule:
Pay schedule frequency Maximum deferrals
Monthly 1
Twice a month 2
Weekly 3

Alternatively, you can submit this form 2 business days before your payment is due to defer a payment:  Defer A Payment

 

 

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