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, credit cards, lines of credit and Score Booster Loans are not eligible

Set up a Skip-a-Payment

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, Score Booster Loans 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.