take a holiday (break) from your next loan payment
Need some extra room in your budget this season? With Park’s Skip-a-Pay program, eligible members can postpone one monthly loan payment, giving you the flexibility to handle what matters most. It’s fast, easy, and available right in Digital Banking and the Park mobile app.
Who’s eligible for Skip-a-Pay?
Skip-a-Pay is available to qualified members with eligible personal loans, auto loans or credit cards at Park Community Credit Union. You must meet these criteria:
- Your loan must be in good standing
- You’ve made at least six payments
- Only two skips allowed every 12 months
- Must make at least two payments between skips
- A $30 processing fee applies per skipped loan
Don’t qualify? Give us a call and we’ll work through your options and how we can help!
How to skip a payment
Skipping a payment is easy. You can request a skip within digital banking, our mobile app, or by giving us a call. If you should login to digital banking or the mobile app and not see your loan listed, please contact us.
Digital banking and mobile app
- Log on to digital banking or the mobile app
- Select the Move Money tab
- Select Skip Payment
- Choose your account and the desired loan
- Select an account to pay the processing fee
- Accept the terms and conditions and submit!
Give us a call
- Give us a call at 502-968-3681
- Select the existing member option and confirm your identity
- Select option 3 for questions about an existing loan
- Speak to representative and get started!
Looking for more information?
Frequently asked questions
Learn more about Skip-a-Pay eligibility and qualifications.
How does Skip-a-Pay work?
Park Community Credit Union’s Skip-A-Pay Program allows members to skip their eligible auto or personal loan payment for a month. A $30 processing fee applies per skipped payment.
Who is eligible for Skip-a-Pay?
Only eligible loans that meet certain criteria qualify. Loans that are eligible for the Skip-A-Month Program include Auto Loans, Motorcycle & Boat Loans, Personal Loans, Share Secured Loans, Holiday Loans and Vacation Loans. Loans that are not eligible for the Skip-A-Pay Program are Mortgages or any loans secured by real estate, Mobile Home Loans, lines of credit or credit cards.
The loan must have six (6) months of payment history
You cannot have been more than eleven (11) days delinquent on any loan under your account in the previous twelve (12) months
All loans under your account must be current at the time the skip request is processed.
Why would I skip a payment?
Skipping a payment give your budget a boost by freeing up those payment dollars for the month. Whether your saving for something or just need a little breathing room, skipping a payment can help.
How often can I skip a payment?
Only two (2) skips allowed every 12 months, and there must be at least two (2) payments since your last skip in order to skip again.
Will skipping a payment harm my credit score?
No! There’s no downside to skipping a payment. Your loan term will simply extend by one (1) month, and you’ll pay the $30 fee to skip your payment – that’s it!
Ready to skip?
Login to digital banking or the mobile app to request your payment skip, or give us a call!
Details
Eligibility required. Multiple loans may be eligible. Only two (2) skips are allowed in a 12 month period. Members must skip one (1) total month of payments (Must skip two (2) bi-weekly payments or four (4) weekly payments). Minimum of two (2) payments necessary between skips. Maximum of eight (8) skips for the life of the loan. A $25.00 processing fee per loan will be automatically deducted from the checking or savings account of your choosing and the funds must be in your Account at the time your Skip-a-Pay application is processed. Loan payments can be skipped only on qualifying Personal or Vehicle Loans that have been open for 180 days (6 months). In order to qualify for this promotion, all Accounts and Loans must be in good standing. After skipping the payment, your regular monthly payments will resume in accordance with your existing payment schedule. Interest will continue to accrue during the month skipped and your term will be extended by one month. To ensure proper processing please submit your Skip-A-Pay request a minimum of three business days prior to the date your loan payment is due. The Skip-a-Pay request will not be accepted if it is submitted on the day your payment is due or after the payment due date. The following loan types, but not limited to, DO NOT qualify for a skip: Mortgages, Commercial Loans, Credit Cards, Mobile Homes, Microloans, Lines of Credit, and QCash Loans. Federally Insured by NCUA.