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1941 Abbott Rd
Anchorage, AK 99507
(907) 3399485
(800) 4782222
www.cu1.orgRecurring ACH Loan Payment Authorization
NEWCANCELREPLACEMENTSKIP Member Name:
Member Number:
Loan Suffix:Payment Amount:
Payment
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What is skip pay?
Skip pay refers to a payment option that allows a borrower to defer a scheduled payment on a loan or credit account to a later date, usually without penalties.
Who is required to file skip pay?
Typically, borrowers who wish to take advantage of the skip pay option must file for it, often through their lender or financial institution.
How to fill out skip pay?
To fill out skip pay, borrowers must complete a request form provided by their lender, specifying the payment being skipped and providing any required documentation.
What is the purpose of skip pay?
The purpose of skip pay is to provide financial relief to borrowers by allowing them to temporarily postpone payments during times of financial hardship.
What information must be reported on skip pay?
Borrowers typically need to report their account information, the specific payment being skipped, the reason for the request, and any other documentation required by the lender.
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