How do I skip a payment at People Driven Credit Union?
People Driven Credit Union may offer skip-a-payment opportunities during eligible periods and for qualifying loans. Many members ask how skipping a payment helps when they need temporary relief.
How skip-a-payment works
- Eligibility can depend on loan type and payment history.
- Program windows and terms may vary during the year.
- A fee or additional interest impact may apply.
Skipping a payment at People Driven Credit Union gives you breathing room when money is tight. Eligible members can skip one loan payment per calendar year on most loans. You pay a $35 processing fee per loan. Interest continues to accrue during the skipped month, which may extend your loan term slightly.
Skip-a-Payment Requirements
You must be in good standing with all loans current. The $35 fee must be available in your checking or savings account. Most consumer loans qualify. Exclusions include Fresh Start Auto loans, lines of credit, mortgages, commercial loans, credit cards, and several other special loan types.
To get started, you can either complete the process through the MyPDCU app, via PDCU’s Online Banking portal or by filling out a Authorization Form and submitting it to any of our branches or mailing it to:
Skip-A-Payment
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Common Questions
How do I know if I qualify?
Contact PDCU to confirm current program details, eligibility, and timing.
Get Help from Our Team
Call us at 248-263-4100 during business hours. Our team checks your eligibility right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.
5 Helpful Hints for Skipping a Payment
- Call at least one business day before your payment is due.
- Have your loan number and member number ready.
- Ensure $35 is available in your account for the fee.
- Remember interest still accrues during the skipped month.
- Contact us at 248-263-4100 to confirm your loan qualifies.
People Driven Credit Union offers the skip-a-payment option to help members during tough times. You stay in control of your finances with this flexible program. Many members use it successfully once per year. Thank you for banking with us. Our team is always ready to help you manage your loans.
