Can I skip my car loan payment?

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Life is full of twists and turns. Sometimes even the car loan payment can seem like a stretch. Guess what? You can use the Skip a Pay option to skip your car loan payment up to twice a year.

For every loan you skip, there is a $30 fee that goes back to our community. Since this money stays local, you’re not only getting a little extra spending money, you’re also helping to support community programs.

Can I defer my car payment?

Yes. If you are a member in good standing, you can skip a loan payment whenever it fits your needs up to once every six months on your qualified loans.*

How often can I use Skip a Pay?

One skip per qualified loan every six months. Normal payment schedule will resume on the month following the skip.

Does using Skip a Pay impact my credit score?

Skip a Pay does not count against your credit like a missed or late payment. Skipping a payment may extend the term of the loan. Interest will continue to accrue per your original loan agreement during the skip period.

Can I use Skip a Pay on my first car payment?

Loans must have been funded at least 90 days prior to skip and three months of payments must have been made in order to be eligible.

How can I skip a loan payment?

Here’s how simple it is.

Log in to Online Banking (You can easily do that at the top of the page or register for Online Banking)
Select the Loans/Payments tab
Click Skip a Pay
Select your eligible loan
Select the month you want to skip

Enjoy the freedom of some extra cash while knowing you’re helping your community.

You can also visit your favorite branch or give us a jingle at 800.433.1837.

*Here’s the legal stuff. This is an amendment to the specified loan agreement between Numerica Credit Union and the Borrower. Request must be received at least three (3) business days prior to the scheduled payment date. If not, skip will be applied to the following month if offer is still valid. One skip per qualified loan every six months. Normal payment schedule will resume on the month following the skip. Skipping a payment may extend the term of the loan. Interest will continue to accrue per your original loan agreement during the skip period. A $30 fee per skip is required and skip will not be processed without it. This offer is not valid for business accounts or Visas. Offer not valid for any loan that is currently past due. If you are past due on any loan, skip for other loans will not be honored. Offer not valid for new loans for which you have not yet made a payment, loans secured by real estate, loans that allow you more than seven (7) years to pay off, loans with a balloon payment, loans paid by disability insurance, loans that were granted an extension this year, loans repaid through a consumer counseling service, loans not paid as agreed, share or certificate-secured loans or loans held in bankruptcy. Loans must have been funded at least 90 days prior to skip and three months of payments made to be eligible. Not transferable. May take up to seven (7) business days to process. Federally insured by NCUA.

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