Skip-a-Payment Application - Greater TEXAS Federal Credit Union - gtfcu 2025

Get Form
greater texas federal credit union Preview on Page 1

Here's how it works

01. Edit your greater texas federal credit union online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send gtfcu login via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Skip-a-Payment Application - Greater TEXAS Federal Credit Union - gtfcu with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open the Skip-a-Payment Application in the editor.
  2. Begin by entering your personal information. Fill in your name, account number, address, and phone numbers in the designated fields.
  3. Indicate how you pay your loan(s) by selecting one of the options: Cash/Check, ACH, or Transfer from CU Account.
  4. For each loan you wish to skip a payment on, provide the loan number and payment amount. Specify the requested month(s) for skipping payments.
  5. Calculate the total Skip-a-Payment fee due ($25.00 per loan per month) and indicate your payment method by checking either 'Check Enclosed' or 'Please debit my account'.
  6. Sign and date the form. If applicable, have your co-borrower sign as well.
  7. Once completed, submit the form along with any required fees to the credit union Loan Department for processing.

Start using our platform today to easily complete your Skip-a-Payment Application for free!

See more Skip-a-Payment Application - Greater TEXAS Federal Credit Union - gtfcu versions

We've got more versions of the Skip-a-Payment Application - Greater TEXAS Federal Credit Union - gtfcu form. Select the right Skip-a-Payment Application - Greater TEXAS Federal Credit Union - gtfcu version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2023 4.7 Satisfied (40 Votes)
2015 4 Satisfied (21 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Usually, banks offer skip-a-payment to customers in good standing with the institution. This means those customers can skip a car or loan payment for one month of their choosing. As we previously mentioned, this is beneficial because it allows breathing room for those in a tough spot financially.
While skipping a payment allows you to take a break from paying down the loan balance, interest still accrues and is tacked on to the end of the loan term. Youll ultimately be paying more in overall interest over the life of the loan if you choose to skip a payment.
Will Skipping Payments Hurt My Credit Score? The short answer is no. If you have the lenders permission and are meeting its requirements, even a deferred payment is considered to be meeting the loan repayment obligations. Your loan will not be listed as past due, or as missed payments, on your credit report.
If you find yourself facing financial challenges, you may be wondering, Can you defer a car payment? Yes, many lenders allow their borrowers to defer a car payment to the end of their loan when necessary. There numerous reasons to defer a car payment. Anyone can find themself in a financial emergency.
Most lenders will restrict how often you can skip a payment to prevent it from negatively affecting your loan. For example, Money FCU only allows one skip, per loan, per year. Be careful if you find other lenders who allow you to skip a payment more often.

People also ask

To request Skip-A-Pay on your loan: Verify your identity by answering security questions. Complete and fill out the request form. Create a digital signature and sign the form.
Each member is only allowed one (1) payment skip / extension per calendar year and a total of five (5) payment skips/ extensions over the life of the loan.

gtfcu