Life CU offers Skip-A-Pay, which is a flexible way to skip a payment on auto and personal loans. You can participate in Skip-A-Pay once a year, for any month you choose! You decide when you need it the most. For a small per loan fee, you can participate in Skip-A-Pay for the month of your choice and an entire month’s worth of payments on the selected loan(s)* will be skipped—with no penalty! Your interest will continue to accrue and the loan will be extended, but all other terms and conditions remain the same.