Get Help When You Need It
Need to skip a loan payment for some extra cash? Our Skip-A-Payment program can help!
The Skip-A-Payment program gives you the option to defer a monthly payment on any eligible SEI Credit Union loan to the end of the loan. We advance your payment due date and your maturity date (for example on a 48-month loan, if one payment is skipped, you make 48 payments over 49 months). It is that simple.
To take advantage of our Skip-A-Payment Program, contact SEI Credit Union to complete the Skip-A-Payment form. There is a $49 fee for each loan. This fee can be paid at the time the form is signed or can be withdrawn out of your SEI Credit Union account automatically! Three (3) consecutive monthly payments have to be made in order to qualify for a Skip-A-Payment and three (3) consecutive payments have to be made between Skip-A-Payments. You may only exercise two (2) Skip-A-Payments per calendar year. The following loan types are eligible for our Skip-A-Payment Program: New and Used Auto, Recreational Vehicle Loans, Signature Loans, Share Secured Loans, and Home Equity Lines of Credit