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Get Holiday-skip-a-payment Application - Maine Highlands Federal ...
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How to fill out the Holiday-Skip-A-Payment Application - Maine Highlands Federal Credit Union online
This guide provides clear, step-by-step instructions for completing the Holiday-Skip-A-Payment Application from Maine Highlands Federal Credit Union online. By following these instructions, users can easily manage their loan payments during the holiday season.
Follow the steps to complete your application efficiently.
- Press the ‘Get Form’ button to access the Holiday-Skip-A-Payment Application. This will allow you to open the form in an online editor where you can fill it out. You can obtain the form through various online platforms allowing document management.
- Begin by entering your name in the designated field labeled 'Name'. Ensure correct spelling and use your full name as it appears on your credit union account.
- Next, input your account number in the 'Account #' field. This information helps to identify your account with the credit union and ensure the request is processed accurately.
- In the section labeled 'Loan Payment Amount', enter the amount of your loan payment. Be sure to double-check for accuracy to avoid processing issues.
- Indicate which month you wish to skip the payment by selecting the appropriate box under 'Skip: ❑ December or ❑ January Payment'. You may skip a payment for either December or January, depending on your needs.
- If you have more than one loan, repeat steps 3 to 5 for any additional loans by completing the second 'Loan Payment Amount' section provided in the form.
- Next, indicate how your loan is currently paid by circling one of the options: Cash/Check, Payroll Deduction, Internal Transfer, or Checking. This helps the credit union to understand how to manage your payments during this period.
- In the section for processing fee, circle your preferred payment method for the $25.00 processing fee from the options provided: Savings, Checking, or Payment Enclosed. Be aware that this fee will be deducted from your specified account unless you are enclosing a payment.
- Sign the form where indicated. If applicable, include a joint signature to authorize the skip-a-payment request for a shared loan. This signature gives permission for the credit union to extend the due date.
- Before submitting, review all your entries for accuracy. Save the completed application if your online tool has this feature. You can then choose to download, print, or share the form as needed.
Complete your Holiday-Skip-A-Payment Application online now for a stress-free holiday season.
Interest will continue to accumulate on your loan during the month you skip your payment, which may cause the maturity date on each loan to be extended. Skipping a payment may reduce the amount of any benefits you would receive from credit disability, life, and/or GAP insurance should a claim be filed.
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