Need to skip a payment?

For a $25.00 fee you can skip a payment on either a loan or a credit card and give yourself a little extra money for the month! Here’s what you need to know.

Select which product you would like to skip a payment on and follow the instructions that appear below:

Please note that there is a $25 fee for this service.

By submitting this request, you confirm that all borrowers on this loan have agreed to the request to skip the payment(s) on the designated loan. Your request will be processed in 1-2 business days, and must be submitted one week in advance of your due date. You must submit a separate request for each loan you’d like to skip a payment.

Conditions & Eligibility Requirements

  • You may skip two payments per eligible loan during a 12-month period.
  • You may skip payments on the following loans: Personal Loan, Debt Consolidation Loan, Seasonal Loan (Holiday/Vacation), Mass Save HEAT Loan, Solar Loan, Vehicle Loan, Boat Loan, Recreational Vehicle Loan, HUCTW Loan
  • All accounts must be current and in good standing.
  • You must have 6 months of on-time payments prior to requesting Skip-A-Pay.
  • Requests will be processed for the next due date.
  • Must have $5 and funds for a $25 fee for each payment skipped in your Harvard FCU Share Savings Account.

To enroll, please fill out the form below:

    • Hidden

      If yes, Harvard FCU will adjust your next recurring payment transfer.
      If yes, you are responsible for deferring payment transfers to your account during your Skip-a-Payment period.

  • I understand that the Credit Union has sole discretion with regard to approving my request, and that my repayment history with the Credit Union will be considered. Only 2 skipped payments will be allowed within a 12-month period. The original term of the loan will be extended by the selected Skip-A-Pay duration (one month or two months), and as a result, I will be required to make payment(s) after my loan would have otherwise been paid in full. For example, a skipped payment for one month on a loan with an original term of 24 months will be extended to 25 months. In addition, Finance Charges will continue to accrue on daily basis at the annual percentage rate set forth in my loan agreement, both during and after the deferral period. As a result, the Skip-A-Payment option will result in higher total finance charges being paid to the Credit Union. If applicable, monthly Credit Life and Disability payments will still be added to the loan on the skipped month. In all other respects the provisions of the original loan agreement remain in full force and effect. It is my responsibility to ensure that automatic payments resume after this deferment period. Failure to do so may affect my credit rating and increase the interest paid on the loan. There is a $25.00 fee for the Skip-A-Payment service. The $25.00 fee will be payable at the time the payment deferment is approved, and deducted from my Harvard FCU Share Savings Account.
  • This field is for validation purposes and should be left unchanged.

Requirements:

  • $25.00 fee for this service
  • Request will be processed for the next due date
  • Must have $5 and funds for a $25 fee for each payment skipped in your Harvard FCU Share Savings Account
  • All accounts must be current and in good standing
  • Account must be opened for more than 6 months showing on-time payments prior to requesting Skip A Pay
  • You cannot skip two consecutive payments. You will need to make at least one payment before requesting another skip
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Frequently Asked Questions

Which credit cards qualify for the Skip-A-Payment program?

Alumni, Platinum, Platinum Rewards and Platinum Rewards Plus. Secure cards are not eligible.

When can I skip my first payment?

Requests will be processed for the next due date.

Can I skip two months in a row?

You cannot skip two consecutive months.

I’m behind on my payments. Can I still request a skip-a-payment?

No, your account must be in good standing.