Get Summer Payment Relief Option
How it works
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How to fill out the Summer Payment Relief Option online
The Summer Payment Relief Option allows users to skip a monthly loan or credit card payment during July or August, providing temporary financial relief. This guide offers step-by-step instructions for completing the online form effectively and ensuring you follow all necessary requirements.
Follow the steps to complete your application smoothly.
- Click ‘Get Form’ button to obtain the form and open it in your editor.
- Fill in your name in the designated section as 'Name of Member.' Provide your daytime phone number for any necessary follow-up.
- In the 'Loan or Credit Card # to be skipped' field, enter the number corresponding to the loan or credit card for which you want to skip a payment.
- Indicate your choice for the skipped payment by circling either 'July 2011' or 'August 2011' as applicable.
- Specify the account number from which the skip payment application fee will be withdrawn in the 'Please Withdraw the Skip A Pay Application Fee from Acct #' section.
- Fill in the amount for the monthly payment you wish to skip in the 'Amount of Monthly Payment Skipping' field.
- Read the agreement statement carefully. By signing the form, you acknowledge understanding the conditions of the skip payment option, including the potential impact on your final payment amount due to accruing interest.
- Ensure that all individuals named on the loan sign and date the form where indicated.
- Submit the completed and signed application form along with the $35 fee to the specified address or in person at any Frankenmuth Credit Union office prior to the loan's due date.
- Once submitted, remember to keep a copy of the completed form for your records, and verify with Frankenmuth Credit Union that your application has been received and approved.
Take action now by completing your Summer Payment Relief Option application online.
The payment relief or deferral program is designed to assist individuals in managing their debt by allowing them to pause or lower payments temporarily. The Summer Payment Relief Option is a prime example of this, providing necessary relief during challenging financial periods. This program can help alleviate stress and enable individuals to focus on their overall financial health.
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