Skip-A-Payment

Has the unexpected happened and now your budget is extra tight one month? Heritage South’s Skip-A-Payment* program is here to help! This program allows you to "skip" one loan payment when you find you need some extra funds. The “skip” does not affect your credit history, rather it moves the skipped payment to the end of your loan, extending the terms by one month**.

Using your skip is easy. Just give us a call at 931-680-1400 and let us know that you would like to use a Skip-A-Payment on your Heritage South loan. We will get your information, check to make sure your loan qualifies, then provide you the form to authorize your skip. You can sign the form via email or in person. It's that easy!

Have a question about the Skip-A-Payment program? Give us a call at 931-680-1400 and ask to speak with a lender. Remember: We Help When Others Won't!

*Fee for Skip-A-Payment is 15% of loan payment. Credit history may influence participation. Interest will continue to accumulate on your loan(s) during the month you skip your payment. Only a limited number of skipped payments are allowed each year. If you have GAP insurance, be sure to speak to a lender about how skips affect GAP. Skip-A-Payment is not valid for any loans secured by your home or real estate. Does not apply to semi-annual or annual loan payments. May not be used on first loan payment. Other restrictions may apply.

**For monthly payments. Weekly/Semi-Weekly skipped payments may be different. Be sure to speak to a lender to learn more.