SAP Conditions

Skip A Pay Terms and Conditions

I understand that I must initiate a skip payment at least five days before my payment due date. I understand that interest will continue to accrue on my outstanding principal balance during this time. By completing this authorization form, I understand that interest will continue to accrue on the unpaid balance of my loan(s) and that my regular monthly payment(s), as originally agreed upon with be due the following month. I understand my loan must be current to take advantage of this offer. I further understand that the term of my loan may be extended as a result of skipping my monthly payment, and that by accepting the term of the payment deferral, the payout consideration from my GAP agreement provider may be affected.

The $30 per loan for this service will be withdrawn from my Horizon checking or savings account.

*Skip-A-Pay service is not available for mortgages and home equity loans, any loans secured with real estate, share or certificate secured loans, lines of credit, or credit cards. You may only skip one loan payment per loan. Loan must have at least six payments made and be opened for at least six months. Loans must be current. We cannot reverse already posted payments. If your loan payment is past due, you will not be able to take advantage of this special offer. A $30 fee will be removed automatically from your Horizon checking or savings account