HopeSouth Skip-A-Payment Request Form

COVID-19 Payment Deferral Request

Form must be received by HopeSouth ten (10) business days before your loan payment due date.
Name*

First NameLast Name
Member Number*
Last 4 Digits of Social Security Number*
Email*
example@example.com
Home Phone Number*

Area CodePhone Number
Cell Phone Number*

Area CodePhone Number
Payment You Wish to Skip*

New/Used AutoRecreational VehicleNew/Used BoatNew/Used MotorcyclePersonal
Payment Date to be Skipped*

MonthDayYear
Date
This request must be received no less than 10 business days prior to the payment you want to skip. A separate form must be completed for each loan.
Borrower Signature*

Clear
Draw your signature here
Today's Date*

MonthDayYear
Date
Co-Borrower Signature

Clear
Today's Date

MonthDayYear
Date
*I understand that I must be a member in good standing with all of my loans current (less than 10 days past due in the past 6 months) to participate in HopeSouth COVID-19 Payment Deferral Program. HopeSouth reserves the right to deny this benefit to anyone who has not made scheduled payments on time or beyond the grace period.

I may skip up to two month’s full payments on the following eligible loan types: New/Used Auto, Personal, New/Used Boat, Recreational Vehicle and New/Used
Motorcycle. Finance charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in my loan agreement, both during and after the deferral period. This means that this deferral of scheduled payments will result in my having to pay higher total Finance Charges and possibly a higher total number of payments, than if I made my payments as originally scheduled. I will, therefore, have to make extra payment(s) after my loan would otherwise have been paid off. In all other respects, the provisions of my original agreement remain in full force and effect. I agree to contact the Credit Union for exact payoff information. I agree that I will resume making scheduled payments beginning with the payment due during the month following the deferral and will make all scheduled payments due thereafter. I understand that all these payments will be applied first to finance charges and late charges, if any, and then to principal. My next monthly payment will include the finance charges from the skipped month. Monthly Premiums for Credit Life/Disability will still be added to the loan on the skipped months. This credit union is federally insured by the National Credit Union Administration and is an Equal Housing Lender.
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COVID-19 Payment Deferral Request

This request must be received no less than 10 business days prior to the payment you want to skip. A separate form must be completed for each loan.