Skip-a-Payment Request Form
Use this authorization form each time you wish to skip your next monthly payment on an eligible BlueOx Credit Union loan. You must complete one Skip-a-Payment Request Form per eligible loan.*
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Payment You Wish to Skip
Skip my next monthly payment on the following loan:
Vehicle Loan
Personal Loan
Recreational Loan
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Processing Fee Options
I would like to pay the $40.00 Processing Fee:
From my checking account
From my savings account
From my line-of-credit account
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Signature
ALL PARTIES TO THE ORIGINAL LOAN AGREEMENT,
INCLUDING CO-BORROWERS, MUST SIGN BELOW:
NOTE: If you have set-up scheduled or automatic recurring payments via Online Banking or Bill Pay, subject to BlueOx Credit Union's prior approval of your eligibility to skip your next monthly payment, you must personally stop the payment for the month selected and reinstate it once the payment has been skipped.
Borrower's Approval
By checking this box, I approve this request.
Co-Borrower's Approval
By checking this box, I approve this request.
*Must be a member in good standing with all loans current to participate in BlueOx Credit Union's Skip-a-Payment Program. This program is not available during the first six months of the loan term. Loans are limited to two (2) Skip-a-Payment's per calendar year up to six (6) per loan term. There is a $40 service charge per payment skipped. The following loan types are eligible for this program: Vehicle, Recreational and Personal. The following loan types are not eligible for this Program: Credit Card, Home Equity and Mortgage. Finance charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in the loan agreement, both during and after the deferral period. Deferral of scheduled payments and/or the application of fee to the outstanding loan balance will result in increased finance charges and possibly a greater number of payments. Additional payment(s) may be due beyond original pay off date. In all other respects, the provisions of original agreement remain in full force and effect. Scheduled payments will resume with the payment following the deferral and continue thereafter. Next monthly payment will include finance charges accrued from the skipped month. Monthly premium for Payment Protection will be added to the loan for the skipped month.
INTERNAL USE ONLY
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Thank you for submitting your Skip-a-Payment request. If we have any questions, we will contact you at the phone number submitted, otherwise your request will be processed. Thank you for trusting BlueOx Credit Union for your financial needs.