Skip-a-Pay

By signing the Skip-A-Payment form above you authorize EdiFi Credit Union to extend the maturity date on the loan (not including Mortgages, Home Equity, Privilege Pay, or Visa) and your pledge of collateral will remain in effect until the loan is fully repaid. You authorize the credit union to deduct the fee(s) from any account that you have with the credit union that has funds available. Interest will continue to accrue on your loan(s) during the month you skip your payment(s). Should you have multiple loans and elect to skip a payment on only one loan, the credit union will select the loan with the highest payment unless otherwise directed. Selecting to skip a payment may negatively impact GAP coverage in place on a vehicle loan. All bankruptcies must be discharged. All parties on the loan must sign the Skip-A-Payment authorization form. The credit union reserves the right to determine if prior or subsequent action may disqualify your loan from this program. All Skip a Pay requests must be received by the 12th of the month preceding the month to be skipped. Only one skip per 12 month rolling period.