Skip A Payment Program

Take a break from your next loan payment with the Skip A Payment program. Eligible loans can be skipped once each year at the time you select.

Take a break from your next loan payment

To see if your loan qualifies, stop by your local branch or call us at (800) 258-3115. 

  • There is a $35.00 processing fee for each skipped loan payment.
  • The Skip A Payment program applies only to fixed-rate, fixed-term loans like cars, RVs, and boats. Visa credit card loans, ChoiceLine home equity loans and other open ended lines of credit are not eligible.
  • Interest continues to accrue on your loan in the month of the skipped payment. Skipping a payment may extend the repayment term. 
  • Loans must be current and other conditions apply – check your loans eligibility with a Peak representative.
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