Expenses arise out of nowhere - or something happens to your income. But you still have plenty of bills to pay. One way to free up much-needed funds is to skip a monthly loan payment.
By participating in Foothill's Skip-A-Pay program, you request that Foothill defer your loan payments as indicated. You agree and understand that: 1) FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement, during and after this time; 2) deferring your payment will result in your having to pay higher total FINANCE CHARGES than if you made your payment as originally scheduled; 3) the payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off; 4) you will be required to resume your payments the following month; and 5) a fee of $15 (if done online) or $25 (if done at a branch or over the phone) will be deducted from a savings or checking account for this service at the time the request is processed. All deferrals are subject to Foothill approval. Your loan(s) must be current (have no amount past due) to accept this offer. Certain restrictions may apply. One Skip-A-Pay allowance for each qualifying loan per fiscal year. Excludes all real estate loans.
Foothill Credit Union is a full-service credit union with California branches in Arcadia, Covina and Glendora.