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Skip-a-Pay

Take the pressure off this adventure-seeking season by skipping your next loan payment!

How It Works

You can request to skip your loan payment* for auto or personal loans. To request to skip-a-pay., submit the form - each deferral is subject to approval and a $25 fee.*

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You are here. Complete and submit the form below for each eligible loan before payment is due.
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With approval, you can skip your June or July payment. (a $25 fee will apply).
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Enjoy some breathing room this summer with your family and friends.

Authorization to Skip Loan Payment

Frequently Asked Questions

What is Skip-a-Pay, and how does it work?

Skip-a-Pay allows you to skip up to two, non-consecutive, monthly loan payments, per eligible loan, per calendar year, giving you some financial breathing room. For example, if your payment is due on 6/8, you can apply to skip it by 6/7. Complete the form on our website, and your request will be processed within two business days.
Which loans are eligible for Skip-a-Pay? This offer is exclusive to Auto Loans, RV Loans, Motorcycle Loans, Debt Elimination loans, and Signature Loans. Be sure to check loan eligibility before applying.
How often can I use Skip-a-Pay?

Skip-a-Pay allows you to skip up to two, non-consecutive, monthly loan payments, per eligible loan, per calendar year. This flexibility can be useful when you need extra financial relief.
Are there any fees for using Skip-a-Pay?

Yes, there is a $25 fee for each Skip-a-Pay request, which will be added to your loan balance. This fee helps cover the administrative costs of processing the skipped payment.
How will skipping a payment affect my loan? Skipping a payment won’t affect your credit score, but interest will continue to accrue, and the loan term will be extended. The $25 fee will also be added to your loan balance. Be sure to review and consider our other FAQs and "TERMS AND CONDITIONS," below, for how this will impact your loan balance and repayment. 
Will my interest increase during Skip-a-Pay?

While the interest rate paid on the loan will not increase, interest will continue to accrue during the skipped month. This may increase the total interest you pay over the life of the loan and extend the term of the loan. 
How do I apply for Skip-a-Pay? You can apply by completing the form on our website. If you have any questions about the program, call us at 303.471.7625. Your request will be processed within two business days.
What if I have an automatic (ACH) payment?

You will need to take action to suspend your payment if your payment comes from another financial institution and we did not originate the ACH. Contact your financial institution to suspend your payment for the skipped month. 

No additional action from you is required if...

  • Your payment transfers from a Red Rocks Credit Union account. We will suspend the payment(s) for you.
  • Your payment comes from another financial institution and we originated the ACH. We will suspend the payment(s) for you.

 

If you are unsure or need assistance, call us at 303.471.7625.
What if I make my payment through Red Rocks Credit Union Digital Banking?

You will need to take action to suspend your payment by logging in to your digital banking. You must delete the existing transfer and/or the recurring series. Then, to resume payments after the skipped month, you will need to set a new transfer series recurring transfers.

Need help? Call us at 303.471.7625. 

TERMS AND CONDITIONS: 

*To qualify for this offer, your Red Rocks Credit Union membership must be in good standing. This offer is exclusive to Auto Loans, RV Loans, Motorcycle Loans, Debt Elimination loans, and Signature Loans. This offer is subject to change and excludes any loan in which the first payment has not yet been made. If you choose to skip your June or July loan payment, a $25 deferral fee will apply. If you skip your June or July loan payment, interest will continue to accrue on your Red Rocks loan and the term may be extended. If applicable, skipping your June or July auto loan payment may affect a guaranteed asset protection payout (GAP). Red Rocks Credit Union is only responsible for adjusting the member’s loan account due date. Member is responsible for rescheduling the dates on all ACH and other automatic bill payments that they have set for each loan they want to skip. Members can skip their June or July payment before it is due. For example, if your payment is due on 6/8/25, you can call to skip until 6/7/25. Other restrictions may apply. Loans with collateral protection insurance do not qualify for the Skip-A-Pay promotion. Federally Insured by NCUA.