Skip-A-Payment Program

Liberty Bay Credit Union's Skip-A-Payment program allows you to skip payments on your loans up to three (3) months of your choice without being considered delinquent. A $25.00 service fee applies for each loan request.

Why use Skip a Payment?

This program does not apply to loans during the first six (6) months of the loan agreement. To be eligible for the Skip request, all loans must be up to date without delinquency beyond 30 days.



After an initial request, one can request another Skip-A-Payment after a 12 month period from the previous re-start date of the loan skipped.

*Eligible loans at the Credit Union include:
Auto Loans New/Used
Personal Loans
Boat Loans
R.V. Loans
Motorcycle Loans New/Used
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Use this authorization form each time you want to skip your next monthly payment on an eligible Liberty Bay Credit Union loan. You must complete one Skip-A-Payment Request Form per eligible loan.*

Complete form and return with $25.00 service fee if paying by check, in person at any Liberty Bay Credit Union Branch, fill automated authorization form online or by mail to:

Liberty Bay Credit Union
300 Granite Ave
C/O Loan Dept.
Braintree, Ma 02184

*Legal Name
*Member Account #
*Email Address
*Daytime Phone #
Evening Phone #
Skip my next monthly payment/s on the following loan:
Loan #     Loan Type

*Please Check One:
Skip the following month/s. Please check one:
I would like to pay the $25.00 Service Fee:
Please check one:
  • I must be a member in good standing with all of my loans current to participate in Liberty Bay Credit Union's Skip-A-Payment Program. This loan is not available on loans during the first Six (6) months of the loan agreement.
  • Loans are limited to one Skip-A-Payment after a 12 month period from any previous request of any skipped loan. There is a $25.00 service fee to request a Skip-A-Payment on any one loan.
  • Finance charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in my loan agreement, both during and after the deferral period. This means that this deferral of scheduled payments to the outstanding loan balance if that is the method I have chosen will result in my having to pay higher total Finance Charges and possibly a higher total number of payments, than if I made my payments as originally scheduled. I will, therefore, have to make extra payment (s) after my loan would otherwise have been paid off. In all other respects the provision of my original agreement remain in full force and effect. I agree to contact the Credit Union for exact payoff information. I agree that I will resume making scheduled payments beginning with the payment due during the month following the deferral and will make all scheduled payments due thereafter. I understand that all these payments will be applied first to finance charges and then to principal. My next weekly/biweekly/semi-monthly or monthly payment will include the finance charges from the skipped month/s.

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