Skip-A-Payment Rules & Regulations:
- Loan types considered for eligibility are: Signature loans, new and used auto loans, new and used RV loans, home advantage signature and auto loans, savings and certificate secured loans and overdraft protection.
- These loans must be in repayment for at least six months.
- By choosing to skip-a-payment, the loan term as originally disclosed will be extended. Finance charge will continue to accrue during the time between payments. Excluding length of repayment and total interest to be paid, all original disclosures, terms and conditions of the original contract remain in effect.
- There is a $29.00 fee for Skip-A-Payment that can either be paid in cash or removed from your Horizons FCU account.