Financial Hardship Center - Liberty Bay Credit Union

Skip-A-Payment Automobile Refinance Lend-a-Hand Home Equity Loan

Skip-A-Payment

Ever wish you could hit “pause” on your monthly loan payments? With our Skip-a-Payment program, you can. Liberty Bay Credit Union’s Skip-A-Payment program allows you to skip payments on your loans up to 3 months of your choice without being considered delinquent.

Eligible loans include:

Auto Loans
Personal Loans
Boat Loans
RV & Trailer Loans
Motorcycle Loans
Credit Builder Loans

To learn more and request to skip a payment simply log into your account via Online Banking and select Skip A Payment under the Account Services tab in the main navigation.

More reasons to Skip A Payment:

Free Up Cash

Plan a Vacation

Holiday Shopping

You Decide!

Automobile Refinance

Qualified members can take advantage of the equity they have in their vehicle to help pay other expenses.

Apply Now

If refinancing for a larger amount than existing loan balance, members receive difference in cash

Loan amount dependent upon member’s debt-to-income ratio and automobile’s loan-to-value ratio

Interest rate dependent upon member’s credit score

Lend-a-Hand Home Equity Loan

Qualified members can draw on the equity in their home, even if temporarily unemployed.

Apply Now

Up to 90% loan-to-value permitted

Borrow up to $10,000 over a 7 or 10 year term*

Fixed payments (principal and interest)

Rate based on member’s credit history, potential bankruptcy risk, and other risk factors

Temporary unemployment will not be a determining factor in loan approval

Looking for hardship assistance due to the pandemic?

Request Hardship Assistance

Related Financial Education

Mortgage Relief

Understand your options, resources, and steps to take to work with your lender for mortgage relief.

Learn More

Debt Management

Climbing out of debt takes having a plan. Learn how to use your budget to pay off your debt.

Learn More

Creating a Budget

Learn strategies, tips, and tools to stick to your budget and achieve your financial goals.

Learn More

Healthy Financial Habits

Learn more about how you can develop the healthy financial habits needed for financial well-being.

Learn More

*APR stands for Annual Percentage Rate. Rate example represents the lowest current rate and is subject to change at any time. Rate is also based on the creditworthiness of the borrower.
– For every $1,000 borrowed at 4.00% APR for 7 years, you would pay $13.67.
– For every $1000 borrowed at 4.25% APR for 10 years, you would pay $10.24.

Monday–Friday	8:30 a.m. – 4:30 p.m.
Saturday	9:00 a.m. – 1:00 p.m.
Woburn Branch	Closed on Saturdays

Monday–Friday	8:00 a.m. – 5:00 p.m.
Saturday	9:00 a.m. – 1:00 p.m.