Skip a Payment Request | Vida Federal Credit Union

Before you submit: Skip a Payment is subject to approval and includes a $35 processing fee per loan (the Loan Extension Fee on Vida’s Schedule of Fees). Interest continues to accrue during the skipped period. Mortgage loans are not eligible. Submit at least 5 business days before your payment due date.

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01Your Information

Name*

First Name Last Name

Vida Member Number*

Date of Birth*

Email*

Daytime Phone*

02Loan(s) to Skip

List the loan account number(s) you want to skip and the month you want to defer. Eligible loan types include auto loans, personal loans, and Visa credit cards in good standing. Mortgages and HELOCs are not eligible.

Loan Account Number*

Month to Skip*

Loan Account Number (optional)

Month to Skip

Loan Account Number (optional)

Month to Skip

Reason for the Skip (optional)

03Co-Borrower (if applicable)

If the loan you are skipping has a co-borrower or guarantor, their name must be listed here. Vida may require their authorization before processing the skip.

Co-Borrower First Name

Co-Borrower Last Name

Co-Borrower Email

04Acknowledgement & Authorization

Skip a Payment Terms*

By submitting this request, you acknowledge and agree to the following:

Eligibility. Skip a Payment is available on eligible loans that are in good standing. Loans not eligible for skip include first mortgages, home equity lines of credit, second mortgages, share-secured loans, and loans that have received a previous skip within the past 12 months. Vida reserves the right to determine eligibility and approve or deny any skip request.

Processing Fee. A $35 processing fee applies per loan being skipped (the Loan Extension Fee on Vida's Schedule of Fees). The fee will be deducted from your Vida share account at the time of approval. Insufficient funds may result in denial of the skip request.

Interest Accrual. Interest continues to accrue on your loan balance during the skipped period. Your next payment, and subsequent payments, may include the additional accrued interest. Skipping a payment does not reduce the total amount owed and may extend the life of your loan.

Effect on Future Claims. If your loan is covered by GAP insurance or any similar product, skipping a payment may affect your eligibility for a future claim. Review your GAP contract carefully or contact Vida before submitting a skip request.

Notice & Timing. This request must be submitted at least 5 business days before your scheduled payment due date. Requests submitted within 5 business days of the due date may not be processed in time and may not be honored.

Confirmation. Submission of this form does not guarantee that your skip will be approved. A Vida team member will review your request, verify eligibility, and contact you to confirm approval or denial before any change to your payment schedule.

Limit. Members may skip a payment on the same loan no more than once in any 12-month period. Multiple skip requests on the same loan within a 12-month period may be denied.

Authorization. You authorize Vida to defer the loan payment(s) listed above, charge the applicable processing fee to your account, and adjust the maturity date of the affected loan(s) accordingly. If a co-borrower or guarantor signed the original loan agreement, you confirm that you have their consent to submit this skip request.

No Adverse Credit Impact. An approved Skip a Payment is not reported as a late or missed payment to credit bureaus and will not negatively affect your credit standing with Vida.

I have read and agree to the Skip a Payment Terms above. I authorize Vida Federal Credit Union to process this skip request and charge the applicable processing fee.

All fields marked * are required. After you submit, a Vida team member will contact you within 2 business days to confirm your request. Questions? Call (909) 983-1959 or text us at the same number, Monday through Friday, 10am to 5pm.

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