Leyden Credit Union PO Box 236
Franklin Park IL 60131
847-455-8440

Skip-A-Pay Extension Request Form
 (Please print one form per loan)

 

It is mutually agreed that this constitutes an extension on

ACCOUNT ___________________   SUFFIX _________

  • The June or July 2008 payment will be deferred and added to the end of the original term of this loan.
  • I will resume my payment after skipping the month of June or July 2008.
  • Return this form no later than May 25th 2008 to skip your June 2008 payment.
  • Return this form no later than June 25th 2008 to skip your July 2008 payment.
  • Return this form along with a $25.00 service charge by mail to: Leyden Credit Union, 2701 N 25th Avenue, Franklin Park IL, 60131; Attn: FSR Department

I would like to skip my: (Choose one)

  • _____ June 2008 loan payment
  • _____ July 2008 loan payment

 

I have:

  • _____ Enclosed a check in the amount of $25.00
  • _____ Authorize a transfer from my account:

Acct Number __________ Suffix _____
If you make a non-automatic payment, the first payment done after the last day of the month prior to the month that you are going to skip will be skipped. If your loan is paid via payroll deduction or other automatic deductions the amount normally applied to your loan will be deposited into your share/draft account each pay period in the month that you are skipping. If a full payment is transferred from savings/ checking at Leyden the payment will not be made. If you have any questions contact the credit union’s loan department.

This special offer is available on all loans which are in good standing, payments can not be skipped in consecutive months. Smart Choice, single payment balloon loans, open-end line of credits and Mortgages excluded. All other terms and provisions of the original loan agreement are unchanged and remain in full effect. Interest will continue to accrue during the month you skip your payment. In some cases, based on the size of the balance, the interest which accrues may be greater than the amount of your next regular payment. It may take several months to begin to reduce your principal balance.

 

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Member Signature