Skipping your loan payment is an easy way to get your hands on some extra cash. Certain conditions apply:
- Six payments must have been made on your loan before first Skip-a-Payment
- Loan must be current and in good standing
- One skip allowed per loan every six months
- Fee is $20 or 10% of payment amount, whichever is less
- Mortgages, home equity loans and lines of credit are not eligible
Set up a Skip-a-Payment
- Call: 316-722-3921, ext. 202
- Send Text: 316-779-0037
- Email Form: contactcenter@midamerican.coop
Skip-a-Payment Form (Opens in a new window)
Finance Charges Explanation
Skipping a payment may cause your principal balance to remain unchanged and may extend the term of your contract. Interest will continue to accrue. This offer does not apply to mortgages, home equity loans, VISAs, line of credits or past due loans. If you have GAP policy on your loan, skipping a payment during the loan contract may void the GAP policy. Check your GAP policy for restrictions.