Am I able to skip a payment on my loan?
Yes! Our Skip A Payment* program makes it easy to find extra cash for whatever you choose! With our convenient online form, you can request to defer one of your monthly loan payments when you need to, from wherever you are.
Details:
- Loan must be open for at least 11 months and member must have made 9 consecutive payments on the loan.
- All credit union accounts must be in good standing.
- A $30 fee will be deducted from your savings or checking account per loan, per occurrence. If the funds are unavailable, the request will be unable to process.
Click here for the Skip A Payment Application.
Click here for the Skip A Payment with Co-Borrower Application.
*Fixed term Signature, Secured, and Vehicle loans qualify for Skip A Payment program. Credit Card, Signature Lines of Credit, Mortgage, Business, and CashPlease loans are not eligible for program. Charges and other restrictions may apply. Loan must be open for at least 11 months and member must have made 9 consecutive payments on the loan. Member must be current on loan, all credit union accounts, and in good standing to qualify. One skipped payment may be used on a qualified loan in a rolling 10-month period. There is a $30 application fee per loan, per occurrence. All requests to defer a payment must be approved. Interest will continue to accrue during the deferral period. This will extend the original term and increase the amount of finance charges. If there is a Co-Borrower/Guarantor on the loan, all parties must sign to be eligible for this program. Please complete and submit the Skip a Pay application 7 days in advance of the requested loan due date. 1st Advantage will make a donation of up to $12,000 to An Achievable Dream. Donations will apply from October 1 – December 15, 2024. Contact us for additional details.