You may skip a payment on any qualifying account once per calendar year. By skipping a payment, the maturity date of the loan will be extended. Interest will continue to accrue on the unpaid balance(s) during the month the payment is skipped. All other terms of the original loan agreement are unchanged and remain in effect. This modification will affect Credit Life & Disability and GAP Insurance. Monthly payment(s) will resume after the skipped month. There is a $25 processing fee per loan.
Real estate secured loans, home equity line of credit, VISA credit cards, GEM loans, single payment loans, loans less than six months old and past due loans are not eligible.
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