How often can I use Skip-a-Pay?
Frequently Asked Question
Skip-a-Pay can be used to skip a payment on eligible loans once every six months, i.e., once you skip a payment, you must wait six months to skip another payment on that loan.
If you have multiple eligible loans, such as an auto loan and a HELOC, each loan will be on separate cycles depending on if/when they were last skipped.
All loans must meet the requirements to be eligible for Skip-a-Pay at the time the request is made. If you fail to meet the requirements, you are not eligible to skip a payment even if you have previously done so.