With the holidays fast approaching and distant relatives rapidly closing in on your home, you’re going to want to find some things to skip this holiday season. While skipping work, a long line at the DMV, or your nephew’s cello recital would be great, these, unfortunately, are not realistic possibilities. Luckily for you, we have something you can skip — a loan payment!
Take your mind off the money and focus in on the moment, even if just for a month. Secure your holiday splendor when you skip your loan payment this November, December, or January.* Skip a payment and settle in, it’s going to be a great holiday season.
*There is a $25 processing fee per loan to take advantage of this promotion. Of the $25 fee, Palmetto First Federal Credit Union will donate a portion to a local charity. Choose to skip one payment November 2018–January 2019 during this promotion. If you have more than one loan, you can skip a payment for each. Fee may be deducted from your account, paid in cash, or by check. Fee cannot be added to the loan balance. Request and signed paperwork must be received ten (10) days prior to the due date. This offer is only available to members whose accounts—including all loan and deposit accounts—are in good standing with Palmetto First FCU. To be eligible, the account must be a minimum of six (6) months old with no payments over 30 days delinquent. Skipped payments will extend the duration of your loan. Interest continues to accrue on the loan during the month you skip your payment, resulting in higher total finance charges. All other terms in the original loan agreement remain the same. Mortgage and/or Home Equity loan payments are not eligible to be included in this promotion. All parties signing the original loan documents must also sign agreeing to the Skip-A-Pay. If your payment is made by Payroll Deduction, Direct Deposit, or by ACH draft from another institution, the payment will be deposited into your account. Skipped payment will not reflect negatively on your credit report or your loan payment history with us.