Skip your loan payment for the month of December!
*Telcoe offers Skip-A-Pay, a way to postpone making one month’s payments on your qualifying Telcoe loans.
Skip a pay means extra cash for the holidays!
Telcoe makes it easy for you to skip a loan payment for the month of December.
A $35 per loan processing fee is due at the time of submitting your request, and $10 of this fee is donated to Children’s miracle Network- Arkansas Children’s Hospital.
*Loans Not Eligible For Skip-A-Pay
Delinquent loans and late payment history
Any type of Real Estate Loan
(1st Mortgage, Home Equity or Home Improvement)
Accounts not in good standing
Loans with Skip a Pays in last 11 months
Loans with balances less than $1,000
Loan must be open for at least 6 months
By deferring your December payment(s), I/We understand interest will still accumulate on the outstanding balance and that by taking advantage of this offer, the final loan payment may be extended by one month. If payments are weekly, bi-weekly, semi-monthly or monthly, the entire month of payments will be skipped. Payments made through payroll deduction drafted from non-Telcoe account or Direct Deposit will be deposited to my savings account for the month. I/We will resume payments as scheduled (the unpaid interest will be collected first), and all the terms and conditions will apply, following the month skipped as indicated above. I/We also understand that by choosing to skip payments on a vehicle loan having a Guaranteed Asset Protection policy that I/We will be responsible to repay to the Credit Union any skipped payments in excess of the policy limitations or expiration date. I/We understand there is a $35 processing fee per loan which will be added to the loan balance and this fee is included in the finance charge for the billing statement on which the fee appears causing the APR to exceed the contracted rate. I/We accept that all of my/our accounts with Telcoe Credit Union must be in good standing, The Skip-A-Pay is offered as a courtesy service and is not guaranteed and final approval is at the discretion of the Credit Union.