CommonWealth is giving you an opportunity to skip your November or December loan payment!
With the holiday season fast approching, we thought you could use a break. Skip your loan payment(s) this November or December with our Holiday Skip-A-Payment Program.* With that extra cash, you can treat yourself to a relaxing winter get away, a flight to visit family, or perhaps the latest device you have had your eyes on all year! You will only have to pay a $25 processing fee for each loan payment you choose to skip. The $25 fee will automatically be applied to your loan balance.
If you would like to apply Online to skip your loan payment, click the application link below that applies to your loan. (You only need to fill out one application.)
- I do NOT have a co-borrower
- I have a co-borrower
- I have a guarantor
- I have BOTH a co-borrower and a guarantor
Once we receive your application, your request will be processed within 7 business days.
The deadline to turn in the application is December 15, 2018.
If you have any questions, please call a Member Service Representative at (800) 564-1588.
*In order to be eligible for this program, you must be a member in good standing with none of your loans or credit balances delinquent, you must not have had any loan extensions other than Skip-A-Payments in the past year, you may not skip the first or initial payment of a new loan. If your loan is current and your application is approved, your next month's payment will be skipped (November or December). Once we receive your application, your request will be processed within 7 business days. Look for an email from us in regards to your Skip-A-Pay status. If your Skip-A-Payment application is approved, your loan due date(s) will advance for the next month due.