Our Skip-A-Pay program is an easy way for members to take a payment break on a qualifying loan. It’s perfect during the holidays when money can get a little tight, but it can also be used any time during the year when you might need to free up a little extra cash for unexpected expenses.
You decide what Jeanne D’Arc Credit Union qualifying monthly loan payment you’d like to skip, then you can use that money for whatever you need.
With our Skip-A-Pay option, you can take a month off from making a loan payment if you need extra money for a vacation, holiday shopping, unexpected expenses or anything else.
The types of loans you can skip include:
- New/Used Auto, Indirect Auto
- MoneyStrong Build/Rebuild
- Motorcycle, RV, Boat
Still Have Questions?
Finance charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in the loan agreement, both during and after the deferral period. This means that this deferral of scheduled payments will result in paying higher total Finance Charges and possibly a higher total number of payments, than if payments were made as originally scheduled. If the loan has GAP or Life/Disability Insurance, it will remain in effect during the month that the loan payment is skipped, however coverage will not be extended beyond the original maturity date of the loan. If there is a current insurance claim pending, skipping a payment is not allowed. Loans are limited to one (1) Skip-A-Payment per calendar year and up to a maximum of three (3) per loan term. There is a $25.00 service fee to skip each payment on each loan. Eligible loan types are as follows: New and Used Auto, New and Used Motorcycle, Recreational Vehicles, Personal Loans, Indirect Loans and MoneyStrong Build/Rebuild Loans. Not offered on VISA® Credit Cards, Overdraft Line of Credit, Home Equity Lines/Loans, Mortgages or Commercial Loans.
Your request must be received five (5) business days before your loan payment is due.