Frequently Asked Questions

• Which loans are eligible for Skip-A-Pay?

  Auto loans, recreational loans, and personal loans are all eligible for Skip-A-Pay. This includes boat loans, RV loans, 4-wheeler loans etc. However, home loans, Christmas loans, credit cards, and other lines of credit are not eligible.

  
  

• When should I request Skip-A-Pay?

  In order to have your Skip-A-Pay request processed before your loan payment is due, please submit your skip request five (5) business days in advance of the scheduled payment date.

  Example: If your next loan payment is due on June 20th, you would need to submit your request no later than June 12th.

• How do I request Skip-A-Pay?

  Click here to request Skip-A-Pay, agree to do business electronically, and fill out the online form. You must also provide payment for the $25 fee before your loan payment can be skipped. This fee can be transferred from your Listerhill checking or savings account or paid from an outside account.

• What is Skip-A-Pay?

  Skip-a-Pay is a service by Listerhill Credit Union which allows members to request to skip a monthly payment. The payment is instead added to the end of a loan, essentially extending the life of the loan by one month. This can be a valuable tool in your financial tool belt.

• What loans are not eligible for Skip-A-Pay?
  1. Real Estate Loans (1st and 2nd Mortgage and Home Equity Lines)
  2. Business Loans
  3. Lines of Credit (Kwik Kash, Anytime Credit, Overdraft Protection, and Credit Cards)
  4. Christmas Loans
  5. Single Pay Term Loans
  6. Loans with Less than 6 Monthly Payments
  7. Loans Currently Past Due More than 10 Days
     
  8. Loans that Received Maximum Extensions (six skip pays and/or extensions allowed during the term of the loan)
  9. Workout Loans or Troubled Debt Restructuring (TDR)
  10. Accounts in Bankruptcy
  11. Charged-Off Loans
  12. Loans on Accounts with a Negative Checking or Savings Balance
  13. Accounts with Bad Addresses