Skip-A-Pay
Happy Skip Day to You!
What's better than spending too much money on a birthday gift? It's spending a lot less money on a loan payment. Our Skip-A-Pay offering makes that birthday wish come true for just $30 per loan. You can do it once a year on every eligible loan* that you have, and you don't even have to wait for your birthday.
Skip any qualified loan payment(s) for a $30 fee per loan.
Two Ways to Skip-A-Pay
In Online Banking, click "Additional Services" under "Services and Settings" and then find "Skip Pay."
In Mobile Banking, tap "More," then "Additional Services," and then "Skip Pay."
*Mortgage Lending related products are not eligible. A $30 fee applies for each eligible loan you choose to skip. If the account you designate to pay the $30 fee does not have sufficient funds, your Skip-A-Pay request will not be processed. By processing the Skip-A-Pay, you agree that your loan will continue to accrue interest and the term of your loan will be extended. You understand that FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement on the unpaid balance. This means you will pay more interest over the life of your loan. The payment you make on your loan following the skipped payment will include interest accrued during the skipped payment period and interest due for the current payment period. You agree to resume the regular payment schedule in the month following the deferred payment. All other payment terms of the LoanLiner Credit and Security Agreement remain in full force and effect. To take advantage of this offer, loan(s) must have been open for at least six months, and you must have made at least one month of regularly scheduled payments. · If any loans on your account are delinquent, or if any of your share accounts have a negative balance at the time the Skip-A-Payment is received, your Skip-A-Payment request will not be processed. Please be sure to make your payments on time and maintain a positive balance in your share accounts. If your loan payment is made by automatic transfer from a Gain Federal Credit Union account, you must contact Gain Federal Credit Union to have the transfer adjusted for the skipped month. If your loan payment is made by ACH transfer by another institution, you must contact that institution to stop or adjust the payment for the skipped month. You can skip up to four (4) loans at any time, but you may only skip each loan once every twelve months. If the loan is paid through a different member number, special handling is required. Please contact us at (818) 846-1710. Gain Federal Credit Union reserves the right to change or discontinue the Skip-A-Pay program at any time. All other provisions of the loan agreement shall remain in effect.