IT WON'T HURT YOU.
Will skipping a loan payment hurt your credit rating? No, not if you follow the procedures we've outlined and resume payments the following month.
Personal, auto and other loans are eligible
Make request through Online Banking
$30 fee for each skipped loan
Running a little short this month? It's OK to skip a loan payment.
All that we ask is that you give us a little advance notice.
Sometimes, bills pile up. Expenses appear out of the blue. Or, you just want some extra cash to show your family a good time. When that happens, one good way to free up funds is through PFCU's Skip-a-Pay. Two payments on each eligible loan can be skipped within a 12-month period.
- The cost is $30 for each skip that you request*
- Loan must be open for 180 days
- Loans cannot be delinquent for more than 10 days
- Consecutive skips are allowed
- Member must be in good-standing*
- If you want to Skip-a-Pay, just submit your request before your due date
Which Loans Qualify?
- Personal loans
- Vehicle loans
- Home Equity Lines of Credit (HELOC)
- Other lines of credit
Note: The following loans are NOT eligible for Skip-A-Pay: Mortgages, Share-Secured Loans, Credit Cards and Business Loans.
Get Started
- Log in to Online Banking and select “Skip-a-Pay” from the “eServices” menu.
- New to Online Banking? It only takes a few minutes to enroll.
- Having trouble accessing your account? Please call us at 215-934-3506 for assistance.
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Philadelphia Federal Credit Union is a full-service financial institution with locations in Philadelphia and Columbia County, PA.