What is Skip-A-Payment?

Skip-A-Payment gives you the option to skip a loan payment without impacting your credit rating. It provides you the opportunity to defer a monthly payment on any eligible Harvard University Credit Union loan and we will advance both your payment due date and your loan maturity date. Interest will continue to accrue during the month the payment is skipped.

Which loans are eligible?

Skip-A-Payment is offered on the following Harvard University Credit Union consumer loan products:

  • Personal Loans
  • Debt Consolidation Loans
  • New or Used Car Loans
  • Boat Loans
  • Motorcycle Loans
  • Credit Cards


This program does not apply to loans during the first 12 months of the loan agreement*. You may only exercise Skip-A-Payment once every calendar year — it must be at least 12 months between requests — and you may not use Skip-A-Payment more than 2 times during the loan term. All loans must be up to date and you must not have a past due payment history within the past 12 months. Your account with Harvard University Credit Union must be in good standing.

How do I apply?

You can apply online or you can mail or fax the Skip-A-Payment form to:

Harvard University Employees Credit Union
ATTN: Christopher Cody
104 Mt. Auburn Street
Cambridge, MA 02138-5019
Fax: (617) 384-7545

Upon receipt we will review your account to make sure it qualifies for the program.


*12 monthly loan payments must be made on the specific loan that the member is requesting to skip. For refinance of an existing loan, 12 new payments must be made before a request will be granted. Eligibility requirements and products are subject to change without notice.