DCU's Skip-A-Payment

What is Skip-A-Payment  |  How It Works  |  Skip-A-Payment Request Form

Now you have the option to skip a loan payment without impacting your credit rating. Are you planning on going on vacation next month and want to skip your car payment? Now you can because with our Skip-A-Payment Program, DCU is here to meet your financial needs.

The Skip-A-Payment Program gives you the option to defer a monthly payment on an eligible DCU Loan to the end of the loan. We advance your payment due date and your maturity date (for example on a 48-month loan, if one payment is skipped, you make 48 payments over 49 months). It is that simple.

To take advantage of our Skip-A-Payment Program, print out the Skip-A-Payment Request Form (pdf), fill it out completely and return it to DCU with your $25 fee (or choose to have the fee automatically withdrawn from your DCU Account).

This program does not apply to loans during the first twelve (12) months of the loan agreement and you may only exercise one (1) Skip-A-Payment per calendar year/per loan with a maximum of three (3) skipped payments per loan term.

The following loan types are eligible for our Skip-A-Payment Program: New and Used Auto, New and Used Motorcycle, Recreational Vehicle, Access, Mobility Vehicle, Personal, Consolidation, and Stock Loans.

The Skip-A-Payment Program is not offered on Visa^®, Advantage Credit Line, Home Equity, Mortgage, or some Indirect Loans (DCU loans opened at a dealership).

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