Skip-A-Payment Application

I/We understand:

• All loans must be less than 30 days delinquent;
• Interest and the finance charge will continue to accrue on the loan;
• The loan term will be extended by the number of payments skipped;
• Your monthly payment will be due at the next billing cycle; and
• Loan payments deducted from payroll will be deposited to member’s share account

The Skip-A-Payment does not change your current loan payment amount, but it does extend the term of your loan by the number of months skipped. By skipping a payment, the maturity or final payment date as disclosed on the note, truth in lending disclosure, and/or security agreement will be extended beyond the date originally disclosed. If you have GAP Protection, any amount of the loan that is skipped is unlikely to be covered under the GAP Protection Agreement. Fixed Rate Home Equity, First Mortgages, No Credit Check loans and Credit Cards are not eligible for this program. Loan account must be at least six (6) months old and less than 30 days delinquent. Only two (2) skip-a-pay per loan within 12 (twelve) month period. Other restrictions may apply. See a loan officer for details. Offer expires January 23, 2025.

I have carefully reviewed and understand the restrictions and terms and conditions listed above. By clicking "I Accept" I request Broward HealthCare Federal Credit Union to Skip Payment on the loans listed for the requested months.