Give Your Budget a Break
Could you use a break from your loan payment? Even if you’ve planned your budget out, you never know when something unexpected will come along.
As a valued member, you may be eligible to skip up to two loan payments on your qualifying Community Financial loans during a calendar year, freeing up cash when you need it.
Skip-A-Pay Frequently Asked Questions
For a $25 processing fee (per Skip-A-Pay request), you may request to skip up to two payments during any calendar year, but not more than two during any 120-day period. You may pay the fee by check or by authorizing us to debit your Community Financial savings or checking account.
Please note that interest will continue to accrue on the loan during the period in which a payment has been skipped, which will increase the total finance charge paid. As a result, your final scheduled loan payment will be higher.
Qualifying loans include the following:
- New & Used Auto Loans
- Signature Loans
- Recreational Vehicles, including Boat, RV, and Powersports
The loan must also have been open for at least 180 days and must be no more than 29 days delinquent at the time of your Skip-A-Pay request.
In order to properly skip a loan payment, all requests must be processed and approved at least five business days prior to the payment you are requesting to skip.
To utilize our Skip-A-Pay program please:
Contact our Member Contact Center at (877) 937-2328 or
Stop by any of our branch locations.