For a $25 fee you can skip a monthly payment on your termed loan to pay for the holidays, a vacation, or whatever your need
- Loan must be scheduled for monthly payments, with an interest rate below 18.00%
- You must make at least one payment on a loan before using a Skip-A-Pay
- You may not use Skip-A-Pay on the same loan two months in a row
- All accounts must be positive
- Mortgages, Home Equity Loans, and Credit Cards are not eligible for Skip-A-Pays
- No loan may be delinquent by more than 10 days at the time of the request and have no delinquency greater than 30 days
- With terms of 36 months or less, only 1 Skip-A-Pay may be used in a 12 month period, with a max of 3 over it’s lifetime
- With terms over 36 months, only 2 Skip-A-Pays may be used in a 12 month period, with a max of 6 over it’s lifetime
- Loans continue to accrue interest on the unpaid balance
- By skipping a payment, the term of the loan will be extended
- You can print the Skip-A-Pay form here
Not sure if your loan(s) qualify for a Skip-A-Pay? Send us a secure message through PCCU All Ways Home or Mobile Banking, or call us today at 800-582-7228.