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Skip a Pay

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Skip-A-Pay

We know that everyone needs a little extra cash during the year. That’s why we are offering you the opportunity to skip your loan payment twice in a 12 month period so that you can enjoy the extra flexibility to catch up on your finances! 

To take advantage of this incredible offer “Opt-in” below before your payment is due:

  1. Complete internet submission form below, or
  2. Call our Member Contact Center at 800-438-7415

Please note that to take advantage of this opportunity you must “opt-in.” Once you’ve opted in, simply make no payment for the month you have chosen to skip.2 If you are on auto pay or payroll deduction and you opt-in, your payment will remain in your share account(s).

If you should have any questions about this offer, please do not hesitate to contact us at 800-438-7415 and we will be happy to assist.

Your membership is greatly appreciated. 

* Required Fields

Yes! I would like to skip my regular loan payment for the month of:

Month:
Loan payment(s) you wish to skip:

I understand that my closed end loan(s) will be extended beyond original maturity by participating in the Skip-A-Pay program. I may skip a maximum of two loan payments per loan during a 12 month period. I also understand that interest will continue to accrue at the contract rate including the month(s) I have chosen to skip until it is paid in full. This payment deferral will result in an increase of the APR and finance charges disclosed in my original Truth and Lending Disclosures. All other provisions of my original agreement remain in full force and effect. I understand if my payment is automatically deducted from my PFCU account, this deduction will not occur during the month(s) skipped and the next payment will be due on the scheduled payment date following the skipped cycle. For loans with insurance (GAP / Life / Disability insurance), a skipped payment may have an adverse impact on how the insurance is paid by the insurance carrier. No payments or principal reductions can be made during the skip payment period.

Eligible Loans:

Eligible loan types include auto, recreational vehicle (RV), motorcycle, boat, MasterCard credit cards, secured personal loan and unsecured personal loan. Loans must be opened for at least six months but not older than 60 months. My last three months’ loan payments must have been on time (both eligible and ineligible loans) and my account must be in good standing and not overdrawn.

Ineligible Loans:

Ineligible loan types include business loans, Mortgages, Home Equity Loans, Modified Loans, Lines of Credit, and Student Loans.

 

Terms of Service Agreement:
Security Code:

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