Skip-A-Payment

*The Skip-A-Payment service permits you to delay a loan payment on qualified loans. Interest will continue to accrue on any outstanding balance. Additional terms and conditions apply.

**Offer not valid for MasterCard Credit Cards, TDR Loans, Education Loans, or Real Estate Loans. Your loan must be current and you must be a member in good standing. Skip-a-Payment may not be used for a past due loan. Requests must be made within two weeks of loan due date. Only loans that have had six (6) or more monthly payments since origination are eligible for Skip-a-Payment. If applicable, the term of your GAP coverage on Auto Loans will be affected if you skip more than two (2) payments during the term of the loan. See GAP waiver included in your closing package for coverage exclusions. The Skip-a-Payment offer may not be used as a refund for a loan that has already been paid. There is a limit of one skip per 12 months per loan. There is a $35 fee per loan skipped, this may be paid by check or a deduction from a Nutmeg share account. This fee cannot be added to the loan balance. Interest will continue to accrue during the period when no payment is made, which may change the total amount and schedule of your repayment. No discount may be applied. A Skip-a-Payment application form must be completed by the member(s) wishing to skip the payment. Each signer on the original loan note must sign the Skip-a-Payment application form. Other terms and conditions may apply.