Skip-A-Payment Program
If you find yourself needing a break from your Achieve Financial loan payment, free up some extra cash with our Skip-A-Payment program. When you have an Auto or Personal Loan at Achieve, we’ll let you Skip-A-Payment once in a 6-month period, for a small fee.*
Skip-A-Payments are processed through your online banking account. Follow the steps below to get started.
The entire process can be done electronically! No need to fill out a paper form or visit a branch.
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Simply sign into your Achieve online/mobile banking account.
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Navigate to the Skip-A-Payment widget that can be found under the MORE button. Follow the prompts.
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A $25 fee will be posted to your loan account.
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Please allow 24 hours for the Skip-A-Payment to reflect within your account. A confirmation email will also be sent.
Requirements for a Skip-A-Payment
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Borrowers must be current on all credit obligations with Achieve Financial at the time the loan payment is skipped.
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Your account must be in good standing and at least six payments must have been made since the beginning of your loan.
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If you've requested a Skip-A-Payment before, at least six consecutive payments must have been made since your last request.
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Skip-A-Payments are not available for credit cards, mortgages, home equities and student loans.
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Interest will continue to accrue on the loan during this time which may change the total loan amount and schedule of repayment.
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Your loan term will be extended by the number of skipped loan payments.
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If you have set up scheduled payments through online banking you must cancel those transfers yourself.
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If you have GAP insurance on a vehicle loan you may owe any skipped payments in the event of a total loss.