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While some auto loans have a built-in deferment policy, youll want to speak to your lender for approval as well as learn how often deferment is allowed. Be prepared to have an honest conversation with your lender about your current financial situation. Theyll want to know why youre asking to defer your car payment.
Employees Credit Union in 1928 to serve the financial needs of shipyard employees and their families, today BayPort Credit Union is rated a Superior 5-Star Credit Union by Bauer Financial and services individuals and businesses of the Virginia Peninsula, Southside, and surrounding coastal communities.
To access Online Banking, use your account number and STAR PIN (personal identification number). Then, youll be prompted to create a username and password. If you havent set up a STAR PIN yet or need help logging in, give us a quick call at (757) 928-8850.
If your lender already has a payment deferment option in your loan agreement, you only need to choose skip a payment in your payment coupon book or apply to skip a payment on the lenders website. If your lender doesnt explicitly mention deferment in the agreement, first call them to understand your options.
Your account may be suspended. The lender may also be able to take the money you owe directly from your checking account or any other account you have at that bank or credit union. This is called setoff.
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To request skipping a payment in Online Banking, choose Payments from the navigation menu, then select Skip-A-Payment. In Mobile Banking, tap Payments at the bottom of the screen, then tap Skip-A-Payment.
FlexLine of Credit This easy-to-use, revolving line of credit can be used for cash advances, fund transfers, and even overdraft protection on your checking account.

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