Can I skip one of my payments?
Sometimes it’s tough to meet all of your financial obligations. That’s why US Eagle allows you to skip a loan payment for a one-time skip fee. Skip-a-Pays are available for members on eligible US Eagle loans.
Eligible Skip-A-Pay Loans
- Merchant Secured
- Merchant Unsecured
- Total Loss Rewrites
One year (12 months) of consecutive payments made on the loan to date.
- One Skip-A-Pay is available during a 12-month period.
- Limit of three Skip-A-Pays during life of the loan.
- An adequate balance in share account to cover the Skip-A-Pay fee.
(if no adequate balance, Skip-A-Pay will not be processed until deposit is made)
$35 Fee For Each Skip-A-Pay Request
You can choose any month of the year to use Skip-A-Pay. The term of your loan will be extended one month for each Skip-A-Pay use and the interest on your loan will continue to accrue at the daily periodic rate. This will impact your planned pay-off date.