How Skip-A-Pay Works
When you Skip a Payment:
- All skipped payments are added to the end of the loan term and interest continues to accrue during the skip period.
- There is a $35 fee per payment skipped, which is due at the time of request submission.
Ready to Skip?
THIS OFFER IS NOT VALID ON MORTGAGES, HOME EQUITY LINES/LOANS, CREDIT CARDS, BUSINESS LOANS and any loan accounts that have been open less than six months. If you have been impacted by the COVID-19 pandemic, please call us for special options.
1 Skip-A-Pay is limited to twice a year with a maximum of six over the life of the loan. All requests are subject to approval by Freedom’s Loan Department. For questions, please contact the Member Service Call Center at 800-440-4120 or [email protected]