FOLLOWING TERMS APPLY TO THE SKIP-A-PAYMENT:
• Interest will continue to accrue during the month you choose to Skip.
• Payments made through payroll deduction or Direct Deposit will be deposited into your savings account for the month.
• When payments resume as scheduled the unpaid interest will be collected first, and all the terms and conditions will apply, following the month skipped as indicated above.
• Skipping a payment and/or the corresponding fee may result in higher total finance charges on your loan, but the rate will remain unchanged.
• Skipping payments will extend the term of your loan.
To request a Skip-A-Payment, simply fill out the form below and submit prior to the loan due date you want to skip. For further questions contact us in offce.