Skip-a-Pay

Here’s a Little Gift for the Holidays: Skip-a-Pay

Is your budget stretched this holiday season? With an eligible vehicle or signature loan, you could skip one payment.* To apply, complete a Skip-a-Pay request form in Online Banking or at any branch. The best part? There is no processing fee to skip a loan payment. If approved, congrats! You’ve just freed up extra cash for the holidays.

Requirements:

• Eligible loans include consumer: vehicle, recreational vehicle, specialized mobility vehicle and signature loans.
• Loan must be current and have an on-time payment history for the six (6) months preceding the request. (And therefore, the loan must be at least 6 months old)
• You may apply to skip a payment on one or several loans.
• Request forms are due ten (10) business days prior to your November 2026, December 2026 or January 2027 loan payment due date. Monday, January 18, 2027 is the last day to submit a form. 
• See additional terms and conditions.*

Special Instructions 

You must complete one form for each loan. Your loan suffix, e.g. 0001-9999, appears on your account statement or when viewing your account in Online Banking.

If you scheduled recurring automatic loan payments from SESLOC or another financial institution, you will need to cancel or pause the payment for the month your payment is deferred.

Learn how to pause, edit or cancel a recurring transfer that was set up in SESLOC Online Banking » 

Apply now in Online Banking. 

Apply now in Online Banking.

You may also apply by phone at (805) 543-1816 and at our branches.

Please allow at least 10 business days for SESLOC to process your Skip-a-Pay application.

Pro Tips for Submitting Your Skip-a-Pay Form

If you are experiencing difficulty making payments due to financial hardship, such as loss of income, please call us at (805) 543-1816 x561 or learn more about our programs.

*Terms and Conditions: By submitting the Skip-a-Pay form, You request that SESLOC CU defer Your payment(s) as indicated. You agree and understand that: 1) Loan(s) must be current and have an on-time payment history (i.e. no late payments) for the six (6) months immediately preceding the Skip-a-Pay request; 2) Eligible loans include consumer: vehicle, recreational vehicle and signature loans; 3) Membership must be in good standing; 4) FINANCE CHARGES will continue to accrue at the rate of Your loan agreement during the deferment period AND will increase the finance charges You pay; 5) Deferring your payment will extend the term and maturity date of Your loan; 6) You will be required to resume Your monthly payments the following month; 7) You may skip one (1) payment per qualified loan as part of the Skip-a-Pay program, per year, with a maximum of five (5) skips during the life of the loan. NOTE: Loans protected by GAP or Members Choice Borrower Security may have their protection affected (it may not be extended beyond the original maturity date), please refer to your related agreement for specific details. All Skip-a-Pay requests are subject to SESLOC CU approval. Requests to skip a payment must be received at least ten (10) business days prior to the due date of the payment you wish to skip. Monday, January 18, 2027, is the last day to submit a form. The Skip-a-Pay promotion ends January 29, 2027. SESLOC reserves the right to withdraw this offer without notice. Program excludes: Real Estate secured loans, HELOCs, Business loans, Lines of Credit (LOC), Credit Cards, Workout/Repayment loans and Instant Funds loans.