Skip A Monthly Loan Payment
SKIP A MONTHLY LOAN PAYMENT You may SKIP A MONTHLY LOAN PAYMENT once during the months of June, July, or August 2023. If you have more than one qualifying loan you may request to SKIP-A-PAY on each loan. To skip your payment: · Complete the SKIP-A-PAY agreement (contact us to receive the Esign agreement or stop by the credit union to fill out the form). Both the primary member and co-signer must sign the form (if applicable). · There is a processing fee of $35.00 for each monthly loan payment you choose to skip. · All requests must be received at least 15 days before your payment is due. All loans must be current and at least 3 months’ worth of on time payments. · On qualifying loans, interest will continue to accrue during the waived payment period which will result in the term of the loan being extended. Which loans do not qualify? · Accounts with a delinquent loan or negative deposit account balances. · Loans open less than 3 months · Any loans that have been modified or have had extensions · Home Equity · Share secured loans or CD secured loans If you are not approved for a SKIP-A-PAY, you will be notified in writing. Call us at 718-206-8216, email us at Info@MedisysEFCU.org, or stop by our office on the 2nd floor of the Axel Bldg at JHMC for more information or to request the agreement. |