You must have been paying on the loan(s) for a minimum of 3 months with no delinquency and be a member in good standing. You may choose to skip one month's worth of payments (one monthly, four weekly, two bi-weekly or two semi-monthly).
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 October 31, 2020 to skip your payment in November. Your signature authorizes Destinations Credit Union to extend your loan term by the amount of time for the skipped payment(s). By signing this Request, I authorize Destinations Credit Union to extend my loan term beyond the original contract date. I understand that interest will continue to accrue on the unpaid balance. I understand that my payments shall resume in the month following the agreed skipped month. If my payment is made through a payroll deduction, I agree and authorize crediting of the payment to my savings account.