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Skip-a-Payment Request


If you have a Signature or Auto loan with ACCU, you may be eligible to skip your payment for a month (maximum two skips allowed per calendar year). Approval is required and will be subject to America's Christian Credit Union payment history. Just fill out the simple form below to get started!

The loan identified must be current or less than 30 days past due upon submission of this form. Additional restrictions may apply.

To request skips for multiple loans, please complete a separate form for each loan.

Name*
Please enter only one loan number. To request a skip for another loan, please complete a separate form.
*
Month/Payment Due Date:
Please note that a maximum of two skips are allowed per year. You may choose two months to skip here if you have not yet used a skip in the current calendar year.

Payment Method

Payment Source
Account Type

Certification

Skipped payments on auto loans are not covered by GAP. All transactions are governed by California State Law. If loan is protected by Member’s Choice™ borrower security debt cancellation protection, these charges will continue to accrue. ACCU reserves the right to deny any request to skip payments. If your request is not approved, you will be contacted within three (3) business days of receipt of your request.

IMPORTANT CHANGES TO YOUR LOAN. A Skip Pay is a modification of your loan. If you skip a payment, you agree to amend the terms of your original agreement and repay the entire unpaid balance and interest on your loan. Your loan term will be extended by one (1) or two (2) months, depending on request and eligibility. Interest will continue to accrue on the unpaid balance of your loan; skipping a payment will increase the amount of interest you pay over the life of the loan.

SKIPPED PAYMENTS. No payment will be required on your loan for the months skipped, however you are required to resume your regularly scheduled payments as agreed above. When you begin your regularly scheduled payments please be aware that the first few payments may all go to interest that has accrued with no principal balance reduction.

AUTOMATIC PAYMENTSYou are responsible for suspending automatic payments you have initiated from another financial institution for the one (1) or two (2) months of skipped payments. ACCU will not reject an automatic payment received from another financial institution for your loan payment. For an ACH origination where ACCU is the originator, a request to stop a transfer must be received at least three (3) business days prior to the scheduled transfer date.

Skip-a-Payment Decisioning Checklist

Is requestor an employee of ACCU?*
Is this a new loan?*
Status*
Has loan been delinquent for more than 30 days within past 90 days?*
Has loan been extended within past 6 months?*
Does loan have a TDR flag (52 or 59)?*
Is this a Commercial Loan?*
Is this a Real Estate Mortgage?*
Is this a HELOC?*
Is this a Smart Buy Loan?*
Has loan been skipped five (5) or more times per life of loan?*
Are there other reasons why this loan requires an exception? (If "Yes" please explain in the Decisioning Notes below)*
If approved, how many months does the member qualify for?*
If member has requested only one month, please choose "one (1) month"
Completed By:*

Exceptions Handling

Should member receive a skip-a-pay?*
Exception Request Reviewed By:*

Skip-a-Payment Processing

Does the member have Debt Protection?*

Skip Processing Checklist

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Prepared By:*