Skip your December loan payments and have more cash in your wallet this holiday season!
Reduce your stress and make the holidays merrier by taking a break from loan payments this December1 with the Skip-A-Pay Program.
Here’s how it works: For a $39 participation fee, you can skip your December 2020 loan payment.2 You can even skip a payment on more than one loan! All it takes is a $39 participation fee per loan. Mortgages, Home Equity, Quick Cash and Indirect loans are not eligible for the Skip-A-Pay program. Download Enrollment Form
This is a limited-time offer. Your enrollment form must be received — or if mailed, postmarked — no later than November 13, 2020 to qualify for skipping your December 2020 payment(s). No exceptions will be made for enrollment forms postmarked after this date.
Terms and Conditions
1Skip-A-Pay will not be activated without $39 participation fee (per loan); please be sure that a check is enclosed or that the funds are available in your account. You understand that the participation fee is an extra charge for skipping your payment and will not reduce your loan balance.
2If transferring the participation fee from your Regular Share Account, a charge may be assessed if the account falls below the required minimum balance.
Important Note: All accounts and loans must be in good standing. Loans that are past due and/or being repaid through a debt management program are not eligible. You may not skip the first payment of a new loan. Loan must be opened for at least 6 months to be eligible. Loans that have been modified or are being repaid through special payment arrangements may not be eligible based on internal qualifications. Finance charges will continue to accrue, which may affect the final payment date and the amount of your last payment. I understand that if my loan has GAP coverage or Payment Advantage coverage, skipping payments may impact the GAP payout at total loss, and the total benefit from Payment Advantage may be reduced. All other terms and conditions of your loan will remain the same. Contact Corporate America Family Credit Union for complete details.