Qualifications and eligible loans:
FEE: A $35.00 Skip-a-Pay Fee will be assessed for each approved request.
MEMBERSHIP: You must be a member in good standing with Capital Spring Field Bank and all of your loans at Capital Spring Field must be current (less than 10 days delinquent).
NUMBER OF SKIPS: Limit two (2) skipped payments in one 12-month rolling period for each eligible consumer loan. A maximum of 10 skipped payments are allowed for the life of the eligible loan.
LOAN ELIGIBILITY: Each loan you are requesting a Skip-a-Pay for must be at least 180 days (6 months) old, current (less than 10 days delinquent), and cannot have been in delinquent status more than 30 days within the past 6 months. Additionally, each loan you are requesting a Skip-a-Pay option for cannot be paid ahead more than 60 days and Collateral Protection Insurance (CPI) cannot be in effect at the time of the Skip-a-Pay request.
EXCLUDED LOANS: Personal Lines of Credit, Home Equity loans, Home Equity Lines of Credit, Consumer Credit Cards, Student Loans, Auto Saver Loans, Mobile Home Loans, Mortgages, Business Purpose Loans, and Commercial Business Loans, Commercial Lines of Credit and Commercial Credit Cards are NOT eligible for the Skip-A-Pay program.
SUBJECT TO APPROVAL: Capital Spring Field reserves the right to deny a Skip-a-Pay request, including delinquent loans, loans that are involved in a bankruptcy or collection action. See Skip-a-Pay Terms and Conditions for more details.