If you have your loan payments to be scheduled to be paid through reoccurring transfers in online banking or the “make a payment link” located on www.amfirst.org. You will need to cancel or suspend the transfer/payment for the “skipped month” and then schedule or resume your payment option once the payment is successfully skipped.
Participation in Skip-A-Pay will extend the maturity date of the loan, will not stop interest from accruing in the month during which the loan is skipped, may result in your final loan payment being higher, and will change your GAP, warranty, and insurance products tied to your loan payments.
Ineligible Loan Types: lines of credit, credit cards, and mortgages
Certain restrictions apply.
