With PFCU’s Skip a Payment option you can give your budget a break! For the cost of $30 per qualifying* loan you can skip your loan payment.
Skip a Payment is available in Home Banking or our Mobile App!
To see if your loan is eligible:
- Log in
Questions? Call: 844-517-3611
*Qualifications: Account is in good standing with PFCU (loan, account balances and credit card balance are current). No loan delinquencies in the last 12 months, loan has been open for 4 months, $30.00 processing fee is available within the account.
Some restrictions apply. Real Estate loans, Mobile Home loans, Business loans and credit cards are not eligible for this offer. Eligible loans are allowed one Skip A Payment every 12 months. Any payment deferrals or extensions during the previous 12 months may affect approval. Regular payments will resume the month following the skipped payment month and will be due each succeeding month until the loan is paid in full. Skip request can only be scheduled for current due date it cannot be schedule for a date in the future. Skip requests may extend the term of your loan. Maximum loan payment amount that can be skipped is $800. The maximum loan amount that could qualify for Skip A Payment is capped at $50,000.
Additional Information: If there is a GAP Policy tied to your loan, deferring payment may affect future GAP claims. Check your policy. If credit insurance is tied to you loan, credit insurance premiums will continue to be added to the outstanding balance and protection will continue. If you have automatic payments being applied from another institution, direct deposit or payroll deduction, those payments will expire the day you submit the request. They will resume 30 days from the skip request date. If you pay your loan via a recurring or scheduled payment, please note that you will need to cancel your next payment via your financial provider or through your online banking. PFCU will not be able to facilitate canceling the payment on your behalf. If you have a payroll deduction that comes into another PFCU account and applies to this loan id, please contact PFCU to make requested revisions to payroll deductions.