By participating in the Community Resource FCU Skip-a-Payment promotion. I/we agree to the following:
*Terms and Conditions. All requests are subject to approval. You must be in good standing and your loan(s) must not be in default. Eligible loans are those loans that have made a minimum of six (6) full monthly payments with a satisfactory payment history. The following loans are eligible for the Skip-A-Pay program, Personal, Auto, Powersports, RV and Boat. This offer is valid for only one monthly payment and not more than 2 non-consecutive months within a 12-month period. CRFCU must receive your application for Skip-A-Pay at least 5 days in advance of your loan payment due date. In the month you choose to skip, the Skip-A-Pay is equal to One payment for monthly payment frequency. There is a $35.00 processing fee for loan payments under $500, and $50.00 if loan payment is $500 or more, per loan. By signing the Skip-A-Pay request or agreeing to the terms through CRFCU, you understand that interest will continue to accrue and may extend the term of your loan, which may change the total amount and schedule of your payment. Skipped payments may affect GAP claims.