Skip-A-Pay

DuPage Credit Union’s Skip-A-Pay program gives members the opportunity to defer a scheduled monthly payment on an eligible vehicle loan, personal loan and/or credit card for a $40 per loan, per instance fee. To be eligible, you must meet and agree to all of the following criteria: 1) Your applicable loan/credit card must be open for a minimum of 180 days and you must have made at least 6 monthly payments; 2) The request must be submitted 5 days prior to the scheduled due date; 3) You must be in good standing with all of your DuPage Credit Union memberships; 4) All of your DuPage Credit Union loans and/or credit cards must be paid as agreed and current as of the date of your request; and 5) You must have the Skip-A-Pay fee on deposit with DuPage Credit Union as of the date of the request. Skip-A-Pay is not available for consecutive months on the same loan/credit card. Members can participate in the Skip-A-Pay program a maximum of 2 times per calendar year and a maximum of 6 times throughout the life of the loan for each eligible loan. Requests can be submitted by any borrower on the loan or credit card. If approved, one monthly payment will be deferred until the end of the loan, thereby extending the original term and amortization of the loan. Interest will continue to accrue as normal throughout the deferral period. All other terms and conditions as stated in the original loan and/or credit card agreement continue to remain in effect. As applicable, your monthly premium for Payment Protection will still be added on the deferred month. The terms of coverage for any added insurance products on your loan may not be extended to the new maturity date. Deferred payment(s) may impact GAP claims on vehicle loans. Lease Alternative loans, Personal Line of Credit loans, and any Real Estate loan are not eligible for the Skip-A-Pay program. Other restrictions apply and DuPage Credit Union reserves the right to refuse a Skip-A-Pay request and may discontinue the program at any time without prior notice.