Yes. People Driven Credit Union offers a Skip A Payment option for eligible loans during qualifying periods. If you qualify, you may be able to skip one loan payment per calendar year for a $35 processing fee.
Who may qualify
To be eligible, you must be a member in good standing, have no prior extensions in the current calendar year, and have the $35 fee available for withdrawal. Some loan types are excluded, including Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards.
How to request it
You can request Skip A Payment through the MyPDCU app, through online banking, or by completing the Authorization Form and submitting it to a branch or mailing it to:
Skip-A-Payment
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Important to know
Finance charges will continue to accrue during the skipped month, and skipping a payment may extend the term of your loan. If you have automatic payments set up through PDCU or another financial institution, you will need to stop those payments for the skipped month and restart them afterward. Your request and fee must be received at least one business day before the payment is due.
Need help?
If you have questions about eligibility or how to request Skip A Payment, call 248-263-4100 or 844-700-7328 during business hours.
