Skip-A-Pay
Support Your Members with Skip-a-Pay
Have your members ever requested to skip a loan payment for a month due to unforeseen expenses, emergencies, or bills? If yes, Skip-a-Pay allows them the flexibility to utilize the money reserved for their monthly loan payment for a small fee.
Skip-a-Pay solution allows you to go beyond transactional interactions with your members and assist them when they need it the most, which can boost your credit union’s reputation as a fair and helpful financial institution.
Automate Skip-a-Pay
With Skip-a-Pay, members can submit an online request, and the system automatically evaluates their eligibility based on your credit union’s pre-set guidelines. If deemed eligible, members can choose the applicable loan and preferred source of funding. In addition, a loan extension record is created on the core automatically, and the payment due date is adjusted.
Skip-a-Pay simplifies loan management for you and offers financial freedom to your members.
Curious about how Skip-a-Pay operates and how it integrates seamlessly with your other Corelation core solutions? Contact us to learn more.