Patriot federal credit skip 2026

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  1. Click ‘Get Form’ to open the Patriot Federal Credit Union Skip-a-Month Authorization form in the editor.
  2. Begin by entering your Account Number and Loan ID in the designated fields. Ensure these details are accurate to avoid processing delays.
  3. Review the eligibility criteria outlined in the form. Confirm that you have made at least four monthly payments and that your loan is current.
  4. Select your preferred method for processing the $30.00 fee by circling either Share, Sharedraft, or Other, and provide any necessary details if you choose 'Other'.
  5. Sign the form where indicated, ensuring all borrowers, co-borrowers, co-signers, and collateral owners provide their signatures along with their contact information.
  6. Once completed, submit the form through our platform to any Patriot Federal Credit Union office before the end of the month prior to your desired skip month.

Start filling out your Skip-a-Month Authorization form today for free using our platform!

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Both Auto Loans and Home Equity Lines of Credit (HELOC) are eligible for the Skip-a-Pay program. Mortgage loans, Personal Loans, Credit Card loans and loans that are past due are not eligible.
Skip-a-Pay is limited to two (2) skipped payments, within 12 months, with a minimum of three (3) consecutive payments between uses.
Impact on Your Credit Usually, Skip-a-Pay doesnt affect your credit score.
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.
Each lender has a different deferment policy, so the number of times you can ask to defer a car payment will vary. Some lenders allow only one deferment, while others allow two or sometimes more. Whether this number applies yearly or to your entire loan term will also vary by lender.
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People also ask

No Credit Impact Skipping a payment through a holiday skip program like Skip a Pay wont affect your credit score. This is not the same as missing or being late on a payment, so theres no need to worry about your credit score taking a hit.

patriot federal credit union skip a payment