Need A Break?
Skip Your Loan Payment!
Life doesn’t always follow a budget.
That’s why Call Federal offers the option to skip your next eligible loan payment- so you can catch your breath, handle an unexpected expense, or simply enjoy a extra flexibility.
Why Skip-A-Pay?
Life happens—and sometimes a little extra room in your budget can make a big difference. Skip-A-Pay gives you the flexibility to pause a loan payment when you need it most, helping you stay on track without the stress.
Immediate Financial Relief
Skipping a payment can free up cash for urgent needs like medical bills, car repairs, or seasonal expenses.
No Credit Score Impact
If approved, skipping a payment doesn’t hurt your credit score, as it’s not considered a delinquency.
Avoid Late Fees
You won’t incur late fees for the skipped month, which helps maintain your financial standing/credit.
Flexible Budgeting
Skipping a payment can give you breathing room in your monthly budget, allowing you to redirect funds toward other priorities.
Simple Process
You can apply online, over the phone, or in-person at any of our nine locations.
Important Details to Know Before You Skip
Skip-A-Pay lets you pause qualifying loans—just follow a few simple guidelines!
Eligible Loans
All consumer loan products including personal and car loans as well as other collateral loans. (Real estate loans and credit cards are excluded.) 1
Timing
Relationship must be in good standing and you must submit your request 2 weeks prior to your due date.²
Payment Limits
Maximum of two skips per loan, per calendar year, and they cannot be two months in a row.³
Fee Details
A $40 Fee will be assessed when the Skip-A-Pay request is received and processed. New loans may qualify to have the fee waived. See ‘Special Offer’ below.4
Free Skip-A-Pay
As a show of gratitude for choosing us as your lender, Call Federal will waive the $40 fee for your first skip requested within the first 18 months of your loan being funded.4
All other terms and conditions associated with your loan and the skip-a-pay program still apply.
Keep In Mind
- Interest continues to build during the skipped period and you’ll pay more over the life of the loan. A “Skip-A-Pay” is a modification to your current loan. By submitting a request for this program, you are agreeing to amend the terms of your original loan agreement and repay the entire unpaid balance.
- All parties of interest such as joints, guarantors, and collateral owners must agree to the terms and sign the skip a pay form. Incomplete forms cannot be processed.5
- Skip-A-Pay requests are processed starting on the first day of the month the payment is due. So if you’re requesting to skip your September payment, it won’t be processed until September 1, even if you submit your request earlier.
Ready to Skip? It’s easy!
Submit your request in any of the following ways:
Disclosures
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1This promotion excludes all types of real estate loans and Visa® Credit Cards. You are responsible for checking contracts, including GAP or service warranties related to your car, as they may be affected by your participation in the Skip-A-Pay program. ²In order to skip a payment, you must be a member in good standing with the Credit Union with no negative balance in any accounts and current on all loans. If you have a loan that is currently in a hardship extension, you do not qualify for this program. If you recently completed a loan hardship extension, you must first make a payment before we are able to process a skipped payment. We must receive your signed authorization and Skip-A-Pay processing fee 2 weeks prior to your regular payment due date in the month during which you wish to postpone a payment. For example, if the loan payment you wish to skip is due on September 30, we need to receive your Skip-A-Pay request no later than September 16. If approved, a $40 fee will be deducted from your preferred Call Federal account. ³Skip-A-Pay cannot be used for the first loan payment. Only 2 skipped payments will be used per loan, per calendar year. Skipped payments cannot be used consecutively.4 A $40 fee applies to each loan you skip. 5The fee does not apply for your first skip requested within the first 18 months of your loan being funded. 5Interest will continue to accrue on all new and existing balances during the Skip-A-Pay period, pursuant to your agreement with the Credit Union; all terms and conditions apply after the Skip-A-Pay period. Using the Skip-A-Pay deferral will extend the term of your loan and increase total interest paid. You are responsible for stopping automatic payments initiated by you from other financial institutions. Submitting this form or otherwise requesting to skip your loan payment does not stop the automated debit from another financial institution. Should you have an automatic payment set up with another financial institution, please contact them to arrange for the payment not to be paid for your skip month. If you have a weekly, semi-monthly, or bi-weekly payment, this Skip-A-Pay applies to an entire month of payments.