Skip A Pay
Relax ... skip your payment!
Budget need a little breathing room? If you qualify for our Skip Payment program and you can skip your eligible Founders loan payment and keep the cash.
Complete your Skip A Pay request in Founders Online by the last day of the month to skip your next month’s payment.
Our Skip Payment program is available only to loans advanced (add-ons) or loans originated at least six (6) months prior to your Skip A Pay request.
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What happens to my skipped payment?
If you are approved for your Skip A Pay, the additional payment is added to the end of your loan for a $25 fee, which is also added to the loan amount.
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Which loans can be skipped?
- Personal Loans
- Auto/Vehicle Loans
- Other Personal Property Loans
- Savings/Certificate Loans
- Secured Loans
- Watercraft Loans
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Which loans are not eligible for Skip A Pay?
- Real Estate Loans
- Founders Credit Cards
- Lines of Credit
- Education Loans
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How do I apply to skip my next payment?
Log in to Founders Online and navigate to the Skip A Pay menu option. If you qualify to skip one of your loan payments the Skip A Pay request form will load when you select the menu option. If you don't currently have a loan eligible for Skip A Pay you will receive a Skip A Pay not eligible message. If you don't have an eligible Skip A Pay it could be because you don't have a loan which qualifies, or you've skipped a payment within the last 6 months.
Once the form displays, follow the step by step instructions to complete your Skip A Pay request. Be sure to make the current month's payment so your Skip A Pay will process.