COVID-19 RELIEF: SKIP-A-PAYMENT
Our Skip-A-Payment allows you to skip your monthly loan payment to save your cash. Apply for Skip-A-Payment at least 7 business days before your loan payment date.
Please note: If your payment is made by Payroll Deduction, your deduction will occur as scheduled and your payment will be deposited to your Savings.
If your payment is made by ACH Origination, please submit your application at least 4 days prior to your scheduled transfer. Payments may still transfer if your application is submitted after that.
For more relief options related to COVID-19, please visit here.
Credit Cards, Early Payday, Student Loan and Real Estate Loans are not eligible for Skip-A-Payment. The $29 fee per loan must be paid in advance. Please note: If your payment is made by Payroll Deduction or ACH Origination, your deduction will occur as scheduled and your payment will be deposited to your Savings.
Your account(s) must be in good standing. No more than 2 extensions or modifications are allowed in each 12 month period, based on the loan payment due date. Loans funded less than 6 months prior to the application date or have not satisfied 6 consecutive monthly payments are not eligible for a skip-a-pay.
If you are having difficulty with your payments and need further information, please contact Lorena at 323-505-2600x106. Free, confidential budget counseling and debt management is also available by calling BALANCE at 888-456-2227.
