Skip-A-Payment

Skip-A-Payment Application: If you would like to skip one of your loan payments, simply complete this authorization form by filling out the information below. There is a $35.00 fee per payment skipped. Request to skip a payment must be made on or prior to payment date. You can skip a maximum of two payments in a 12-month period (maximum of four skips over the life of each loan).

Skip-A-Payment DOES NOT apply to credit cards, real estate loans, business loans, home equity loans, lines of credit, credit builder loans, overdraft, and any loan in Bankruptcy.

Skip-A-Payment Fee ($35 Per Skipped Loan Payment)

Funds must be available in your account prior to Skip-A-Payment application submission. If funds are not available, the application cannot be processed.

The Skip-A-Payment Application is NOT guaranteed acceptance until it has been processed through the Members First loan department. Members First reserves the right to deny any Skip-A-Payment request.

If you have a periodic payment set up to automatically transfer to this loan, it will be moved to the next payment date.

If you have GAP insurance, your GAP insurance may not cover skipped payments and/or delinquent payments. If covered, your GAP insurance may limit the number of skipped payments covered.