TENCU Chronicles

View all posts

Exploring TENCU's Skip-a-Payment Program

03/13/2024

By: TENCU

Exploring TENCU's Skip-a-Payment Program

 

In the unpredictable journey of personal finance, there are times when unexpected expenses or seasonal financial strains can leave individuals feeling financially stretched. In such moments, having flexibility and options can make a significant difference. One such option offered by TENCU is the Skip-a-Payment program. This program allows you to skip a monthly loan payment without incurring penalties during challenging financial periods. This article explains how this program works and the benefits it offers to qualified members.

 

About Skip-A-Pay

How skip-a-payment works

TENCU's Skip-a-Payment program extends a helping hand to qualifying members facing financial constraints. Members must have loans open for at least six months to be eligible with six consecutive payments made. Once every six months, members can opt to skip a payment on each qualifying loan without negatively affecting their credit. This flexibility allows borrowers to navigate challenging financial seasons without facing additional financial burdens.



Why choose to skip-a-payment 

The primary advantage of opting to Skip-a-Payment is the immediate relief it provides in terms of cash flow. During times of heightened financial pressure, such as the holiday season or unexpected expenses, individuals may find themselves strapped for cash. By skipping a significant monthly loan payment, members can free up funds to cover day-to-day expenses, alleviating the pressure of living paycheck to paycheck.

 

 

TENCU's Skip-a-Payment program is a testament to our institution's commitment to supporting its members through financial ups and downs. By providing flexibility and relief when needed most, this program underscores the value of proactive financial solutions in fostering financial well-being. If you are considering skip-a-payment, call us at 1-844-468-3628 or stop by one of our branches to speak to a member representative for more details.