Skip a payment on a loan and use the extra cash for vacation, a special purchase, take a healthy chunk out of debt, or just enjoy the peace of mind of a month without bills! Skipping your loan payment can help lighten your load and give you some extra breathing room. You can skip eligible loan payments twice a year.
How do I Skip A Payment?
Our Skip-A-Payment program is just one of the many ways we are here to help you. We offer a variety of programs and resources, so we encourage you to contact us. We can discuss your unique situation and find a solution that best fits your needs.
Skip payments are not guaranteed and are subject to CommonWealth One’s approval. The Credit Union will notify the member by phone or email if his/her loan is not eligible for a skip payment. (If unable to reach the member by phone or email a letter will be sent to notify the member.) Home Equity loans, 1st mortgage loans, Visa Credit Card, and OneLines are not eligible for a skip payment.
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