Skip-A-Pay
Winter Skip-A-Pay is here! Eligible Members can skip the December or January payment of their existing Freedom Personal or Vehicle Loan and pay only a low $28 processing fee for each Loan payment skipped.*
Skip-A-Pay Disclosures
*The promotion is only valid for loan payments due in December 2019 or January 2020. Multiple loans may be eligible. Loans cannot be skipped in more than two consecutive Skip-a-Pay promotions. A $28 processing fee per loan will be automatically deducted from your Checking Account and the funds must be in your Account at the time your application is processed or it will be declined. If you do not have a Checking Account, the fee will be taken from your Primary Savings Account. Loan payments can be skipped only on Personal or Vehicle Loans**. In order to qualify for this promotion, all Accounts and Loans must be in good standing. After skipping the payment, your regular monthly payments will resume in accordance with your existing payment schedule. Interest will continue to accrue during the month skipped and your term will be extended by one month. To ensure proper processing please submit your skip request a minimum of two business days prior to the date your loan payment is due. The Skip-a-Pay request will not be accepted if it is submitted on the day payment is due or after the payment due date.
**The use of the Skip-A-Pay Program could prevent you from receiving benefits under your GAP Waiver if the total number of skipped payments exceeds the amount allowed under your GAP Waiver.
