- Your loan term will be extended so your monthly payment will not change.
- A nominal $25** setup charge for each loan skipped will be deducted
- From your savings or checking account, where funds are available.
- If you make payments by payroll deduction, the payment will be deposited into your savings, to be withdrawn at your convenience.
- Forms must be returned by November 30 (for December). Exceptions will not be made.
*The first 6 payments of a new loan may not be skipped. Mortgages, Home Equity, Credit Card, Overdraft protection, Smart Choice, Smart Start, Private Education loans, and delinquent loans are not eligible for this program. ** Children’s Miracle Network will receive $5.00 of each fee.