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Skip-a-Pay

Information on skipping payments

COVID-19 member update:

No fees — WSECU is waiving all Skip-a-Pay fees through June 30, 2020.  
Small business loans — Eligibility has been extended to small business loans. Learn more.
Double skip — Now through June 30, 2020, you can skip two consecutive payments. Learn more.

Skip a monthly payment at your discretion

Skip-a-Pay is a handy WSECU benefit you probably didn’t even know you had. If your loan is eligible, you can skip your next payment. There’s no penalty, and it doesn’t affect your credit rating. It’s pretty useful in a pinch.

Things to know about Skip-a-Pay

  • Using Skip-a-Pay does not negatively affect your credit rating.
  • Although you can skip a payment, interest will continue to accrue.
  • Automatic payments may need to be managed separately.
  • Some loan types are not eligible (for those, the option will not appear). See below for details.
  • Some restrictions may apply. See below for details.
  • Only the primary account holder can access Skip-a-Pay. Joint borrowers can call 800.562.0999 to process a skip.
  • Eligible accounts that are past due still qualify for Skip-a-Pay and double skip if the delinquency is fewer than 30 days.

Double skip

Now through June 30, 2020, you can skip two consecutive payments on eligible loans and credit cards. However, please note that each skip must be processed separately. After processing the first skip, if your next payment is due within 30 days, you may immediately process your second skip. If your next payment due date is more than 30 days away, you will not be able to process a second skip until the payment due date is within 30 days.

Visa® credit cards are an exception. Because their payment cycles always begin on the 18th day of the month, Visa credit cards do not become eligible for a skip until the 18th day of the month prior as long as all other eligibility requirements are met.
 


How to use Skip-a-Pay

How to use Skip-a-Pay on Online Banking

Online Banking: Access Skip-a-Pay from the Quick Actions menu.
 

Couple reading a piece of paper

Screenshot of how to use skip-a-pay

Mobile Banking: Access Skip-a-Pay on the top carousel menu inside Loan Transaction History.

Couple reading a piece of paper

View Mobile Banking App screenshot

Skip a monthly payment at your discretion


Eligibility and fine print

Restrictions and fees

  • Auto and personal loans: This fee is temporarily being waived through June 30, 2020. Typical fee is $25 per skip.
  • Credit cards: This fee is temporarily being waived through June 30, 2020. Typical fee is $15 per skip.
  • A minimum of 90 days and 3 loan payments is required between every two skips.
  • A maximum of 3 skips is allowed in any 12-month period.
  • Auto and personal Loans: A maximum of 6 skips is allowed for the life of the loan.

Eligible for Skip-a-Pay

Column 1

  • Certificate Secured
  • Indirect New Auto
  • Indirect Used Auto
  • Indirect New Boat
  • Indirect New Motorcycle
  • Indirect New RV
  • Indirect Used Boat
  • Indirect Used Motorcycle
  • Indirect Used RV
  • Motorcycle
  • New Auto

Column 2

  • New Boat
  • New RV
  • New Titled Goods
  • Personal Line of Credit
  • Personal Loan
  • Q-Cash Plus
  • Share Secured Line of Credit
  • Share Secured Loan
  • Used Auto
  • Used Boat
  • Used Non-Titled Goods

Column 3

  • Used RV
  • Used Titled Goods
  • Visa Classic
  • Visa Classic Secured
  • Visa Gold Rebate
  • Visa Gold Rewards
  • Visa Platinum
  • WSECU Cash Back Visa Signature
  • WSECU Low Rate Visa

Skip-a-Pay temporarily available for small business

Skip-a-Pay temporarily available for small business

We’re working hard to make this benefit available as soon as possible through our automated system. Until then, you can contact our Small Business team to get started. Loans currently eligible include:

  • Business Line of Credit
  • Business New Auto
  • Business Platinum Rewards Visa
  • Business Term Loan
  • Business Used Auto

Non-Eligible Loans

We understand these are difficult times. Your well-being is important to us and we want to make sure we are serving you well.