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Skip-a-Payment

A parked RV and a man standing outside an RV enjoying a cup of coffee.

CapEd's Skip-A-Payment program allows you to skip your auto, boat, RV, or unsecured loan payment1.

Qualifications for Skip-A-Payment

You may qualify to skip your auto, boat, RV, or unsecured loan payment if:

  • You have made at least three (3) payments on your loan.
  • Your accounts are in good standing and have been current for the last six (6) months.
  • You have not skipped a payment within the past ninety (90) days.
  • You have not had any loan accounts or deposit accounts charged off.
  • Your loan is not more than 15 days delinquent.

You are able to skip a payment twice in a 12-month period and no more than 4 times in the life of the loan.

Ready to Skip a Loan Payment?

To get started you'll need your account number, the last 4 digits of your SSN, and your date of birth.

If you have an electronic (ACH) payment scheduled for your loan, please request your Skip-A-Payment at least three business days prior to your due date to help ensure your ACH payment will not be processed. If your payment is set up in online banking, you will need to edit any scheduled transfers so that the payment does not pull.

Skip my loan payment now

Questions?

(208) 884-0150
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Disclosures

1 Must meet qualifications.

You will be charged a processing fee of $45.00 for each loan skipped. The fee cannot be added to the loan. Mortgage loans, home equity lines of credit loans, credit card accounts, personal lines of credit, business loans, payment saver balloon auto loans, share or certificate secured loans are not eligible for this program. Only one skip allowed per three (3) month period. Your loan due date will be advanced one (1) month from your present due date. If you are on payroll deduction, the payment will not be withdrawn from your account. If your payment originates from another financial institution, you must contact them to cancel payment for the month you are choosing to skip. CapEd Credit Union reserves the right to deny this offer for any reason. This offer subject to cancellation. Certain restrictions may apply. All deferrals are subject to approval. The terms and conditions of your original loan agreement(s) remain in force. If you have a payment frequency other than monthly, please contact CapEd Credit Union directly to skip your loan payment.

Interest will continue to accrue during the time period that payment is being skipped.