Msufcu skip a pay 2025

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The document outlines the Skip-A-Pay program offered by Michigan State University Federal Credit Union (MSUFCU), which allows members to skip up to two monthly loan payments each year under certain conditions. To participate, members must have their loans open for at least six months, maintain good standing, and pay a $35 application fee for each skipped payment. The document includes an application form and details on eligibility, restrictions, and responsibilities regarding skipped payments.

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2018	4.8 Satisfied (90 Votes)
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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.

Is there a grace period for MSUFCU auto loans?

There is no grace period.

Is skipping a payment bad?

Thing number one: Do NOT under any circumstances skip a payment, even when the credit card issuer says its okay. At best, theyll charge you a fee for that ``favor. At worst, theyll hit you with a late charge and a late payment on your credit report if you go past 30 days. Bad plan.

Can you ask your bank to skip a payment?

Deferment can temporarily pause your loan payments while keeping your accounts current. Lenders usually ask for proof of financial hardship to approve you for loan deferment. While payments arent required, interest may continue to accrue.

How do I skip a payment on MSU Federal Credit Union?

You can apply to Skip a Pay by contacting us via live chat, by phone at 517-333-2424 or 800-678-4968, eMessage, or you can stop in to any MSUFCU branch. Was this information helpful? Please let us know how we can make this better.

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