Need a break from your loan payments?
We recognize that sometimes, being able to skip a payment can make a big difference in your month, and free up funds for other expenses. We want you to know that Truchoice allows members to skip up to 2 payments during a 12 month period. There is a $25 fee for taking advantage of this service.
Using our Skip a Pay feature is easy - you can do it yourself right in your online banking. Look for the SP next to your payment amount. Click the green circle, and the system will walk you through it from there! If you do have any questions, or need to skip a payment on a loan that doesn't show this option, please call us and we can see what options are available.
If you are experiencing financial hardship, please reach out to us by phone at 772.0808 or email trufcu@trufcu.com so that we can work with you on the best solution for your loan. We also offer loan modifications, and in some cases, we can defer your payment longer than 1 month.
Eligible loan types for Skip a Pay are Auto Loans, General Purpose Loans, Share/CD Secured Loans, and other Secured Loans.
Limit of two monthly payment skips per rolling twelve month period and maximum of six skips over the life of the loan. There must be a sixty day gap between skipped payments.
You cannot skip your first loan payment. You must have made at least one payment on your loan before you can be eligible to skip a payment. If you are having difficulty making the first payment, please reach out to us at 772.0808 or email us at trufcu@trufcu.com. We may be able to make an exception, or work with you on other solutions.