• Skip-A-Pay FAQ

    • Do you offer Skip-A-Pay?

      Yes. Kitsap Credit Union offers a Skip-A-Pay program that allows eligible members to skip a qualifying consumer loan payment for a fee. Eligibility depends on your loan type, account standing, and other program requirements.

      To take advantage of a Skip-A-Pay or to see if you are eligible, login to your online banking account or our mobile banking app to find out!

      • Online Banking – click on “Payments” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
      • Mobile Banking - click on the 'Transfer and Pay' menu, and select "Skip-a-Pay".

      You can contact us if you have any questions!

    • Does Skip-A-Pay affect my credit score?

      No. Participating in Skip-A-Pay does not negatively affect your credit score when the payment is skipped through the approved program and all eligbility requirements are met.

    • What is Skip-A-Pay?

      Skip-A-Pay is a program that allows you to delay a loan payment for a month, for any reason. For a fee, on your eligible personal loan, you can skip a payment* when requirements are met.

      *Opting to do a Skip-A-Pay will not affect your credit rating and simply adds the payment to the end of your loan term – for example, it will make a 60-month loan a 61-month loan. 

      Please note: Interest will continue to accrue during the period of no payment. Finance charges begin to accrue immediately and are repaid over the life of the loan. As a result, you may pay higher total finance charges on the loan than if payments were made within the original term agreement. 

      Loans eligible for Skip-A-Pay include:

      • Vehicle loans (Including boat, RV, motorcycles and other vehicle types.)
      • Personal loans (including Signature, Shared Secured, Purchase Money loans, and Visas.)

      To take advantage of a Skip-A-Pay for your loan, you would need to meet the qualifications below and have the funds in your account for the fee.

      Loans not eligible for Skip-A-Pay include:

      • Home Equities  
      • Home Equity Lines of Credit

      To be eligible to skip a loan payment, you must:

      • Be in good standing with the Credit Union.
      • Have made at least six (6) consecutive payments on the loan.
      • Not be outside of 15 day grace period for the eligible loan.
      • Not currently be involved in any Bankruptcy proceedings.
      • Not have any unpaid charge offs on the account.
      • Not have any skipped or deferred payments in the last six-months.
      • Not have any real estate loans with escrow.

      You can check in Online or Mobile banking app to see if you’re eligible:

      • Online Banking – click on “Payments” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
      • Mobile Banking – click on the “Transfer and Pay” menu and select "Skip-a-Pay".

      If you have any questions, you can contact us!

       

    • Is there a fee for Skip-A-Pay?

      Yes, there is a fee for Skip-A-Pay. A portion of your fee will be donated to the KCUCares Foundation.
       

    • How many times can I do a Skip-A-Pay?

      You can do a Skip-A-Pay once every six months and after there are six consecutive payments made on your eligible loan.

      To see if you qualify, login to your online banking account or the mobile app to find out!

      • Online Banking – click on “Payments” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
      • Mobile Banking – click on the 'Transfer and Pay' menu, and select "Skip-a-Pay".

    • I just opened a new loan account. Can I do a Skip-A-Pay?

      The loan must have at least six payments applied to it to be eligible for our Skip-A-Pay.

      To take advantage of a Skip-A-Pay for your loan, you would need to meet a few qualifications and have the funds in your account for the fee.

      For more information please select What is Skip-A-Pay?