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Skip-a-payment

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Make your month easier

 

Let’s face it: some months are tough. We know that at MagFed, which is why we have Skip-a-Payment available on most of our loans. This means that sometime during the course of your loan, you can choose to simply “skip” an upcoming payment.

This skip won’t affect your credit. We’ll extend the maturity date of the loan by one month to account for the skipped payment. If you have any questions at all, feel free to email us at applyloan@magfedcu.org.

 

***LIMITED TIME OFFER***

In an effort to help our members during these challenging times, we will be waiving the Skip-A-Pay fee on eligible loans until April 15th!

*The skipped loan payment will be placed on the end of the loan, extending your maturity by up to one month. You will be required to select an account for the Skip-a-pay to process, but a fee will not be charged.


If you’re ineligible for Skip-A-Pay via Online Banking and want a loan specialist to take another look, please click HERE to fill out our Loan Modification & Extension Form and someone from lending will get in contact with you.

 

 

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