Skip Pay
Skip your December or January payments and relax!
This winter, choose to skip your December 2024 or January 2025 payments on eligible loans. Get the flexibility to direct some of your money elsewhere—whether it be towards holiday travel, a DIY home project or financial relief from an unexpected expense.
Important information about Skip Pay.
- A $35 fee is applied for this service per loan payment skipped. The fee(s) will be added to your loan/line of credit balance and will be reflected on your monthly statement.
- Many OnPoint consumer loans are eligible for this Skip Pay offer, including auto loans, personal loans and personal lines of credit.1
- Your loan(s) must be in good standing (all payments current).
- Finance charges will continue to accrue and the length of your repayment period may be extended.
- OnPoint GAP insurance policyholders are limited to six skipped payments per loan.2
- If your loan is paid by payroll deduction or electronic transfer from another financial institution, the electronic transfer will still take place if the scheduled transfer amount is different than your loan payment amount.
If you have questions, or if your payment posted but you intended to skip the payment, please contact us at 503.228.7077 or 800.527.3932 (M-F 7am-7pm, Sat. 9am-3pm) or visit your local OnPoint branch.
Three simple steps to submit your Skip Pay request.
- Log into Digital Banking.
- Look for the Skip Pay Promotion tile in the right navigation bar. If you’re using the OnPoint mobile app, log in and select the More button on the right side of the main screen.
- If the Skip Pay Promotion appears, you have eligible loans! Simply select the loan(s) of which you’d like to skip your payment. Please note: the Skip Payment promotion will not appear if you do not have any eligible loans.
Get free counseling and access to financial wellness services.
Financial counseling
Receive free, one-on-one financial counseling from caring, certified experts. We’ll help you to understand your situation, learn about options, and make a plan to meet your goals.
Debt management
If you have debt, are behind on payments or encountering late fees, a Financial Wellness Expert can help you consider your situation and provide practical solutions, including a structured repayment plan to bring your accounts current and overcome debt.
Housing counseling
When preparing to buy a home, take advantage of one-on-one support from HUD-approved counselors. Plus, get access to foreclosure prevention services and rental counseling.
Your call with GreenPath.
All sessions with GreenPath are conducted over the phone and last approximately 45 minutes. When you call GreenPath from our partner number you are immediately connected with a financial wellness expert that has knowledge of OnPoint’s products and services. It is important to come prepared with a list of questions and goals, as well as financial paperwork.
Making your financial goals happen, together.
OnPoint partners with GreenPath Financial Wellness to provide members free individualized counseling and educational resources. Learn how financial counseling works, how it can help you, and what to expect if you do choose to speak with a financial counselor.
GreenPath’s hours of operation:
Monday – Thursday 5:00 am – 7:00 pm PST
Friday 5:00 am – 5:00pm PST
The benefits of GreenPath.
- All the costs for GreenPath financial counseling services are paid for by OnPoint.
- During your first financial counseling session, you will work with a financial counselor to put together a budget.
- None of your information is reported to the credit bureaus and GreenPath will not share your information with anyone without your permission.
- GreenPath is accredited by the Council on Accreditation and is a member of the National Foundation for Credit Counseling.
Disclosures
By requesting to skip your loan payment(s), you agree to all terms set forth in this offer. Regular minimum monthly payments will resume the month following the skip pay month you select. If applicable, credit life and/or disability insurance premiums will continue to be added to your loan balance. All the terms of your loan account agreement will remain in effect.
- Loans that are NOT eligible for Skip Pay offer include: Interest only home equity lines of credit, home equity lines of credit, home equity fixed portions, first mortgages, certificate of deposit-secured loans or lines, motorcycle, boat and RV loans, mobile home loans, Payday Advantage loans, credit cards, all business loan products, special assistance loans, 2020 assistance loans, government assistant loans, all term loans with monthly payments less than $40 and LOCs and PLOCs less than $2,000 with monthly payment less than $40.
- Please note that exceeding this amount may reduce GAP insurance claim payments. GAP insurance provided by other carriers are eligible for Skip Pay, but members should refer to their GAP policy agreement for details.
