Skip-a-Pay
When You Need it Most, We Can Help You Skip a Loan Payment
UFirst understands that we could all benefit from having a bit of extra cash in our account. That’s why we offer Skip-a-Pay, a safe program that enables you to skip a monthly payment when you need that cash for something else.
Whether it’s during summer vacation season, while you celebrate the holidays, or during the times in
between when things get tight, UFirst has your back with Skip-a-Pay. All it takes is a small fee and a
short form, and you can skip a payment on a qualified UFirst loan.
Applying for Skip-a-Pay is Easy
When you're ready to Skip-a-Pay, applying is easy. Just access online banking and, in a few clicks,
you can complete the process.
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Access Online Banking
Log in to online banking. Select "Services," then "Skip-a-Pay."
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Select From Eligible Loans
Remember, not all loans are eligible for Skip-a-Pay. If your loan does not appear, it is not eligible for Skip-a-Pay at this time.
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Submit
Accept the Skip-a-Pay Terms and Conditions* and submit! You will see your Skip-a-Pay approval in real time.
If you don't have access to online banking or need additional assistance, we can help at
801-481-8800.
Skip-a-Pay Program Guidelines
Skip-a-Pay with UFirst Credit Union gives you some breathing room to do more
with your money; it’s a great way to stay ahead of your finances or manage an unexpected expense. Here’s
more information about how the program works.
- Participants must have made at least 3 payments before utilizing Skip-a-Pay.
- Participants must make 6 consecutive payments on a qualified loan before applying for a Skip-a-Pay.
- Participants must complete and submit the current Skip-a-Pay form.
- A fee of $25 is assessed for each Skip-a-Pay approval. The $25 fee(s) will be withdrawn from your account at time of approval.
- Participants may use Skip-a-Pay 6 times over the life of the loan.
- All accounts must be in good standing.
- For a loan to qualify, UFirst Credit Union must be listed as the lienholder on title(s) and proof of insurance for all collateralized loans.
- If the loan payment is set up for an automatic payment or transfer, it is the participant's responsibility to update them appropriately. We will make every effort to cancel such a transfer if you inform us in a timely manner.
- Mortgage loans, home equity loans, student loans, commercial loans, e-cash loans, credit card payments,
Overdraft, and high-risk auto loans (U-loan), and auto leases do not qualify for the Skip-a-Pay
program.
We're here for you
When life throws a curveball, our UFirst Credit Union Skip-a-Pay program is here for when you really need
it.
*Skip-a-Pay is not a forgiveness of the monthly payment, but rather a deferment of the payment. Skipped payments are only allowed on acceptable loan types when certain criteria are met. By utilizing Skip-a-Pay, interest will continue accruing on the unpaid balance of your loan at the Simple Interest Rate designated in your agreement until your balance is paid in full. Skipping a payment will have the result of increasing the total amount of interest paid and may result in a lump-sum balloon payment on your originally scheduled maturity date. Skip-a-Pay may impact optionally elected backend products including, but not limited to, Credit Life/Disability and Guaranteed Asset Protection. This offer does not guarantee eligibility. This program is ongoing, but subject to change at any time.