Skip-A-Pay

You can skip a consumer loan payment.

Consumer Skip-A-Payment Service

If you need a little extra cash, you may qualify to skip a payment on one of your LAFCU loans. This service allows you to skip one payment once every calendar year on the following "closed-end" loans: boats, computers, signature, all vehicles, and watercraft. The terms include:

  • There must be a minimum of six consecutive on-time payments
  • No past-due amounts permitted
  • A low fee is charged per skipped payment
  • Finance charges will continue to accrue and total finance charges will be higher
  • Skipping a payment will result in a longer loan term
  • Payment deferral cannot take place in two consecutive months
  • If your payment is setup on ACH with another financial institution, the electronic transfer will still take place
  • All loan co-signers must sign the application request

To skip a payment, contact us for an application.