Life happens. We get it. Now you can skip a payment right from your online banking account — no calls, no paperwork, no stress.
With our new Skip a Payment feature, managing your budget just got easier. Whether you're planning a trip, handling unexpected expenses, or just need a little breathing room, we've got your back.
- Available for eligible loans
- Quick and secure – done in seconds
- No need to visit a branch or call in
- Immediate confirmation
Here’s how to skip your payment:
- Log in to Online Banking
- Click “Skip-A-Payment” under Services
- Select your eligible loan and accept the terms
- Done! Enjoy the flexibility
It’s that simple
Try it today and take control of your finances – your way!
What Is the Skip-a-Payment Program?
La Cap’s Skip-A-Payment Program allows you to skip up to two monthly payments in a 12 month period on certain loans. Those payments are then added to the end of your loan term. Our Skip-a-Payment Program does not impact your credit rating.
What loans are eligible for skips?
The Skip-A-Payment Program applies to all La Cap loans except mortgages, home equity loans, Visa accounts, or new loans open for less than six months.
Am I eligible to skip my payment(S)?
To be eligible, your loan must have been open for at least six months and be in good standing. You may not be eligible for other reasons, such as having an overdrawn La Cap checking account or any circumstance the credit union deems derogatory related to your account.
Is there a fee?
There is a $30 fee per skip, per loan.
How does participating in the Skip-a-Payment Program affect my loan?
The skipped months will be added to the end of your loan, extending the loan term. Interest will continue to accrue during skipped months.
How often can I skip a payment?
As long as you continue to be eligible, you may skip any eligible loan up to two times in a 12 month period. Payments cannot be skipped in consecutive months.
Can I skip a payment at any time?
Yes, you can, but remember that you can only skip on the same loan a maximum of two times per calendar year, and you must wait at least ninety days between skips.
The Skip-a-Payment Program is voluntary. Not all members or loans are eligible for the program.
Each member’s skip options are different. Complete details that pertain to your situation will be provided on your Skip-a-Pay Agreement.
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HOW AUTOMATIC PAYMENTS WILL BE HANDLED
- Payroll Deduction/Direct Deposit: Instead of your loan payment transferring to your loan(s), the funds will be deposited to your regular savings account or checking account if you do not have a regular savings account.
- Easy-Pay: Loan payments and deposits set to come from La Cap or another financial institution will NOT be deducted from the designated account as usual.
- If you have elected to participate in the Skip-a-Payment Program and your loan payment is set up to reoccur automatically within online banking, you will need to cancel the payment(s) that are to be skipped.
There will be a $30 processing fee per skipped loan. Interest will continue to accrue on your loan, and the term will be extended. To qualify for this offer, your membership must be in good standing, the loan must be open for at least six months, and you have not skipped or deferred more than two loan payments in the past 12 months. Mortgage loans, home equity loans, and credit card loans are not eligible for payment deferment. If applicable, skipping your auto loan payment may affect guaranteed asset protection (GAP) payout. This offer is subject to change. The member is responsible for rescheduling the dates for all ACH and other automatic bill payments that they have set. Other restrictions may apply.