Skip-A-Pay… Your Way

At HCB we understand life happens and at times you need a little extra flexibility. That’s why we offer our Skip-A-Pay program, giving you the option to skip one qualifying loan payment when you need it most. Whether you’re planning a big purchase, catching up on unexpected expenses, or just looking for a break, Skip-A-Pay can help ease the burden. Better yet, if you have an Advantage Checking account, you receive one free Skip-A-Pay per calendar year.

Eligible Loans: Each loan you are requesting a Skip-A-Pay must be at least 6 months old, less than 30 days delinquent, and must have a monthly payment amount of at least $150.00. Any accrued late fees must be paid in full.

Limit two (2) skipped payments in one 12-month rolling period for each eligible consumer loan. A maximum of 4 skipped payments are allowed for the life of the eligible loan. HCB reserves the right to deny a Skip-A-Pay request.

Excluded Loans: Personal Lines of Credit, Single Pay Notes, Home Equity Lines of Credit, Home Equity Loans, Mortgages and Commercial Loans are NOT eligible for the Skip-A-Pay program.

Advantage Checking Customers: Advantage Checking customers receive one free Skip-A-Pay per calendar year. Customer must be an owner on both the Advantage Checking account and the loan the Skip-A-Pay is being requested for.

By submitting a Skip-A-Pay request, you agree to the following Terms and Conditions:

A $75 Skip-A-Pay fee will be assessed for each approved Skip-A-Pay request. The $75 fee will not be applied to the principal balance of your loan or as a loan payment. If your loan payment is made by automatic transfer, the Skip-A-Pay request must be made at least three days prior to the payment due date Once the Skip-A-Pay is processed, the loan due date will be advanced one month for each loan a Skip-A-Pay is requested. Interest will continue to accrue on the skipped payment(s) and your entire loan balance(s) during the month(s) your payment was deferred and your loan maturity date may be extended as a result. Any credit life and/or credit disability insurance or GAP coverage on your loan(s) may not extend beyond the original maturity date.

If there is more than one borrower on the loan, only one borrower is required to authorize the Skip-A-Pay request.