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Do you ever wish you could hit the pause button on your monthly loan payment?

With our Skip-A-Payment program, you can. Conveniently put in your request online–right from home or on-the-go with your mobile device! It only takes minutes to submit.

  • Skip a loan payment up to 2 times per 12-month period.*
  • Skipping a payment won’t hurt your credit report!
  • Eligible loans include secured consumer loans and personal installment loans.
  • $30 processing fee per loan, per request, through Online Banking or the BayPort Mobile Banking app.
  • For business loan payments, contact your Relationship Manager or our Contact Center.

Frequently Asked Questions

Which loans qualify for the Skip-A-Payment program?

New and used vehicles, motorcycles, boat and RVs, and personal loans are eligible for the Skip-A-Payment program. Real estate loans, FlexLines, ODP repayment plans, term loans, student loans, consumer credit cards, business loans, business credit cards, and PayDay loans are not eligible.

Can I add the $30 Skip-A-Payment program fee to the balance of my loan?

No, the $30 fee must be available in the share account you specify and will automatically be deducted upon receipt of request. The $30 processing fee is per loan, per request, if completed through BayPort’s Online Banking. A processing fee of $35 is charged per loan, per request, if completed at a branch.

Can I skip two months in a row?

You cannot skip two consecutive months, though you may be able to skip two months per 12-month period.

  • Eligible loans financed up to a 60-month term: Skip a loan payment up to two (2) times per 12-month period, with at least a 90-day span in between two (2) Skip-A-Payments. Only 10 months of payment may be skipped over the life of the loan.
  • Eligible loans financed over a 60-month term: Skip one (1) loan payment per 12-month period.

When can I skip my first payment?

You must have had the loan open and made three (3) months of payments to be eligible for the Skip-A-Payment program.

What if I have an automatic payment set up?

Automatic payment is a great way to pay! However, with Skip-A-Payment, if you have a recurring payment scheduled via Online Banking or another financial institution, this payment will process unless canceled/altered by you.

Will my loan still accrue interest when I Skip-A-Payment?

Yes, interest will continue to accrue on your loan during the month of the skipped payment. If your loan has Guaranteed Asset Protection (GAP) insurance, the payments skipped will not be covered if a claim is filed. Skip-A-Payment does not result in the credit union covering the cost of your month’s payment or making the payment on your behalf. Rather, your payment is deferred, and the term of your loan is extended accordingly.

Don't have an auto loan?

Refinance your vehicle with BayPort and receive up to $500 cash rebate (1% of refinance amount in cash rebate up to $50,000). We offer flexible new and used car loan rates with various terms to meet your needs and budget.

Apply now

Skip-A-Payment, keep the cash.

Log in to Online Banking and complete the request form to skip your next loan payment.

Yes, please!

(757) 928-8850 · (800) 928-8801

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

Our website contains links to websites owned and operated by third parties. If you use these links, you leave our website. BayPort Credit Union has no control over the contents of such linked websites or third parties and is not responsible for these websites, their content, or availability.

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