Take A Break From Your Loan Payment

Life should be filled with joy, friends and family not financial worry
 

Ready to take a break from your loan payment?

We understand that there are times when it may be helpful to keep your loan payment money for a month, so you can use it to pay for an emergency, or because you need to spend it on something else important. That's why this year, we're offering Skip-A-Payment, to make your life a little less stressful.

No Fees, No Worries

There's no fee for this service and it won't hurt your credit. All you need to do is complete and return the Skip-A-Payment form. We'll take care of the rest. Members helping members - after all, isn't that what it's all about?

To qualify to apply for Skip-A-Payment, be sure you meet all of the criteria below:

• You have paid at least the first 6 months of payments
• Your loan balance is $1,000 or greater
• Your Dominion Credit Union loans are all current and you have not been past due by 60 days or more in the last 12 months.

You may skip one month's payment on as many qualifying Dominion Credit Union loans as you would like. However, you may not skip more than one month's loan payment per loan between March 1 and December 31, 2010. When applying, be sure to allow at least 21 days before your payment is due.

Skip-A-Payment is not available on first mortgages, home equity loans, VISA credit cards, or workout arrangements. Using Skip-A-Payment does not change your monthly loan payment, but it does extend the term of your loan. Interest continues to accrue on the balance of the loan from the last payment.