A little flexibility can make a big difference. Skip a qualifying loan payment and free up cash when you need it!
Download the authorization form now, drop it off at any convenient branch, fax it to 240.420.2007 before the end of the month you want to skip, or email Loandept@bdfcu.com to start a secure email. For security purposes, do not email your completed form via normal email.
Skip-a-payment is available only on loans in good standing and is subject to approval. Interest will continue to accrue at the existing annual percentage rate, and regularly scheduled payments will resume the following month. The number of payments will not increase, but the maturity of the loan will be extended one month for each skipped month. Total interest charges will be greater than as stated when the loan was granted. Approval will not generally be granted more than once in any 12-month period and requires signatures of all borrowers, co-borrowers, co-signers, and owners of collateral. Offer does not apply to credit cards or to loans secured by real estate.
