Skip Your July Payment

Here's a way to make this summer easier on your wallet. Choose to skip your payment(s) that's normally due in July. Then use that money for your summer vacation plans, graduation gifts, to pay off higher rate debt, or whatever you want. You can skip one month's payment (one monthly payment, 4 weekly payments, two bi-weekly payments, or two semi-monthly payments) on any of your Destinations Credit Union loans except for mortgages, home equities and open-end lines of credit. You must have been paying on the loan for a minimum of 3 months with no delinquency and be a member in good standing. You will be charged a $35 processing fee for the skipped payment, and interest will continue to accrue on your loan(s). Cosigners on any loan must also sign the Skip-A-Payment Request. Your loan term may be extended, and other restrictions may apply.*


*This request must be made by June 30, 2015 to skip a payment in July. Your signature authorizes Destinations Credit Union to extend your loan term by the amount of time for the skipped payment(s). Interest will continue to accrue on your loan during the time you skip your payment. If your normal payments are made through payroll deduction, we will credit your payment to your savings account.

Summary
  • Skip one month's worth of payments
  • Mortgages, home equities and open-end lines of credit are excluded
  • Loans must have been paid for a minimum of 3 months with no delinquency
  • $35 processing fee per loan payment skipped
  • Interest will continue to accrue and your loan term may be extended*