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Skip A Payment

Get a break from your bills

Sometimes you just need a break from your loan payments.

  • Overview

    We know some months can be stressful.

    Skip a payment, so you can use the extra cash that month to cover an emergency or another unexpected expense. So for a small fee^, we offer members a flexible option to “Skip” a payment on an eligible SkyOne loan or credit card once every 12 months.

    Skip a Pay is another way we can help you take more control over your money.

    • Skip a payment on credit cards and consumer loans
    • Send us your request at least 5 days before your loan payment is due



    ^Payment Extensions are not available for first mortgages, home equity loans and home equity lines of credit. Deferrals are subject to review and approval, which includes a review of your loan payment history for the last six consecutive months on all credit accounts. Finance charges will continue to accrue at the contract rate. Deferring a payment will result in higher total finance charges than if you made payments as originally scheduled and may extend the term of your loan(s). You can only defer one payment per loan every 12 months, with a maximum of two deferrals for the life of the loan under this program. For members who have Guaranteed Asset Protection (GAP), claim coverage may not extend to the amount of payment(s) deferred. Refer to your insurance contract for your coverage details. To skip one consumer loan payment, a $30 fee will be automatically deducted from the share account you designate. Funds must be available.

  • How do I Skip a Payment?

    Ways to Skip a Payment