Skipping a loan payment can be helpful when you're faced with unplanned expenses or during high spending months, like the holidays. SLFCU allows members in good standing to skip up to two months of payments on your auto loan, signature loan, or Signature CreditLine in any rolling 12-month period.
There is a $25 service charge per skipped month that is added to the balance of the loan, and interest will continue to accrue on the loan. Requests to skip a monthly payment can be made online at www.slfcu.org/SkipAPay, or by calling 800.947.5328 or 505.293.0500, and must be received at least three days prior to the payment due date.
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