Skip a Payment

A financial break, when you need one most.  

GFA's Skip-A-Payment program is here to help — giving eligible members the option to defer a loan payment and move it to the end of their loan term.

It's a simple way to ease the pressure, protect your budget, and keep your account in good standing — all without the stress.

How it works...

  • Skip one payment every rolling six months - with a maximum of six skips during the term of the loan. A $50 processing fee is required.
  • Available on consumer loans - auto, motorcycle, recreational vehicle and personal loans - not available: mortgage, home equity loan or line, or credit card.
  • Open to members in good standing - loans must be current with six previous successful payments.

Please complete the form below to apply for a Skip-A-Payment.

This authorization form is to be used for each payment deferral and term extension request on an eligible GFA loan.

  • OK Borrower First & Last Name is required
  • Optional OK Co-Borrower First & Last Name - if applicable is required
  • OK Email is required
  • OK Phone Number is required

Loan Information

  • OK Payment Due Date is required
  • OK Loan Type is required

Processing Fee Options

  • I agree to pay the $50.00 processing fee:

    OK I agree to pay the $50.00 processing fee: is required
  • OK Last 4 Digits of GFA Account Number is required

  • Do you have an EZ Pay set up on your loan and wish to defer your payment?

    OK Do you have an EZ Pay set up on your loan and wish to defer your payment? is required

Terms and Conditions

    Types of loans eligible for this Skip-A-Payment offer include auto, motorcycle, recreational vehicle, and personal loans.

    A $50 processing fee is required. Loans must be current with six previous successful payments. Only one Skip-A-Payment is allowed in a rolling six-month period, with a maximum of six skips during the term of the loan. Interest will continue to accrue daily at the annual percentage rate set forth in your loan agreement, both during and after the deferred period. Your next monthly payment will include the interest accrued from the skipped month. The skipped payment may result in paying additional interest over the life of the loan, and a larger final payment. Your next loan payment will be due one month after the deferred payment due date. If you have EZ Pay with an automatic recurring payment from another financial institution, your requested Skip-A-Payment must be received at least five business days prior to the due date to stop the automatic payment from being processed. If you have purchased Guaranteed Asset Protection (GAP) this may adversely impact any future GAP claims. Please review your GAP contract for more information. If your auto loan is a Lease Like loan you promise to pay the skipped payment at least 60 days prior to the maturity date so that the residual value is not affected. Please review the Addendum to your Retail Installment Sale Agreement for more information.

    In all other respects, all terms, provisions and conditions of the original note shall remain in full force and effect. Failure by the Debtor to make any payment, or to comply with any other provision of this Agreement or of said note as changed here, shall constitute a breach of condition for which the unpaid balance of the note debt shall, at the option of GFA Credit Union or its assigns become due and payable immediately, and may be enforced or recovered together with the interest and other lawful charges as provided by law.

    Terms and Conditions Agreement

    OK I agree to the above Terms and Conditions. is required
  • OK Borrower's Signature (In absence of signature, please accept my typed name for consent of Skip-A-Payment.) is required
  • OK Date is required
  • OK Co-Borrower's Signature - if applicable (In absence of signature, please accept my typed name for consent of Skip-A-Payment.) is required
  • OK Date is required

Security Code

  • OK is required

    • To complete a physical copy of this form please click here to print a Skip-A-Payment form.

    Completed forms may be submitted by:

    Mail:
    GFA Credit Union
    229 Parker St.
    Gardner, MA 01440
    Attn: Skip-A-Payment Program
    In Person: Dropped off to your local GFA branch

     

    GFA FCU - Gardner, MA reserves the right to use the above information to obtain verifications of identity and background before opening any accounts. We may also access information about you from a consumer reporting agency, such as a copy of your credit report, before opening any account. By submitting this form, you grant full permission to do so.