Can I request a repayment extension or restructuring for FigLoans?

YES—and FigLoans is more flexible than most lenders.

Your Rights Regarding Repayment Extensions:

FigLoans offers a formal deferral program. Here is how it works:

What a Deferral Does:

• Moves a scheduled payment to a later date
• Extends your loan term by one month
• Allows you temporary relief without credit damage

What a Deferral Does NOT Do:

• It does NOT waive interest—interest continues accruing daily during the deferral period 
• It does NOT reduce your total loan balance
• It does NOT negatively affect your credit score 

How to Request a Deferral:

1. Contact FigLoans BEFORE your payment is due (do not wait until you miss it)
2. Email support@figloans.com or use their online tools
3. Explain your situation clearly
4. Request a formal deferral agreement in writing

The Fine Print:

• Deferrals increase the total interest you pay because your principal stays higher for longer 
• There may be limits on how many deferrals you can request
• Deferral policies vary by state