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DocuSign Envelope ID: 9AAE28840E4D4769BDBE7921EABF83F5CAPITOL CREDIT UNION SKIPAPAYMENT APPLICATION AND LOAN EXTENSION AUTHORIZATION CCU\'s SKIPAPAYment Program offers qualified members an opportunity

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How to fill out skip-a-payment application and loan

01

Obtain skip-a-payment application form from your lender.

02

Fill out the borrower's information section including name, address, and contact details.

03

Provide information about the loan including account number, loan amount, and payment due date.

04

Indicate the reason for requesting skip-a-payment and provide any supporting documentation if required.

05

Sign and date the application form before submitting it to your lender for review.

Who needs skip-a-payment application and loan?

01

Individuals who are facing financial difficulties and are unable to make their loan payments on time.

02

Borrowers who have experienced unexpected expenses or loss of income and need temporary relief from their loan obligations.

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What is skip-a-payment application and loan?

A skip-a-payment application allows borrowers to request a temporary postponement of their loan payment for a specified period. It is typically offered as an option by lenders to assist borrowers facing temporary financial hardships.

Who is required to file skip-a-payment application and loan?

Borrowers who are experiencing financial difficulties or who wish to temporarily skip their loan payment are required to file a skip-a-payment application.

How to fill out skip-a-payment application and loan?

To fill out a skip-a-payment application, borrowers must provide personal and loan details, the specific payment they wish to skip, and any required documentation. It is often submitted online or in person at the lender's office.

What is the purpose of skip-a-payment application and loan?

The purpose of a skip-a-payment application is to provide financial relief to borrowers by allowing them to temporarily defer their loan payments without penalty, helping them manage unexpected expenses or income fluctuations.

What information must be reported on skip-a-payment application and loan?

The application must typically include borrower identification, loan account details, the amount and due date of the payment being skipped, and a statement of financial need or justification for the request.

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