CapEd’s Skip-A-Payment program may allow you to skip your auto, boat, or RV payment if you meet qualifications.

Qualifications to Skip an Auto, Boat, or RV Payment:

  1. You have made at least three (3) payments on your loan.
  2. Your accounts are in good standing and have been current for the last six (6) months.
  3. You have not skipped a payment within the past ninety (90) days.
  4. You have not had any loan accounts or deposit accounts charged off.

Ready to Skip your Auto, Boat, or RV Payment?

Please have your account number, the last 4 digits of your SSN, and your date of birth.

If you have an electronic (ACH) payment scheduled for your loan, please request your Skip-A-Payment at least three days prior to your due date to help ensure your ACH payment will not be processed.

The Skip-A-Payment system only allows one skip payment per debit/credit card per day. If you are requesting more than one skip payment, use a different card or process them on two separate days.

YES! I Want to Skip My Loan Payment

Terms and Conditions:

You will be charged a processing fee of $40.00 for each loan skipped. The fee cannot be added to the loan.

Mortgage loans, home equity lines of credit loans, credit card accounts, personal lines of credit, and business loans are not eligible for this program.

Only one skip allowed per three (3) month period. Your loan due date will be advanced one (1) month from your present due date.

If you are on payroll deduction, the payment will not be withdrawn from your account. If your payment originates from another financial institution, you must contact them to cancel payment for the month you are choosing to skip.

CapEd Credit Union reserves the right to deny this offer for any reason. This offer subject to cancellation. Certain restrictions may apply. All deferrals are subject to approval. The terms and conditions of your original loan agreement(s) remain in force.

If you have a payment frequency other than monthly, please contact CapEd Credit Union directly to skip your loan payment.

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