Common use of Skip Payment Option Clause in Contracts

Skip Payment Option. Occasionally we may offer you the option to "skip" your minimum monthly payment. You may not skip payments unless this offer is made to you. Skip Payment Option will not be available to you if your Accounts are delinquent or in default. When you use a skip payment option the periodic Interest continues to build on the entire unpaid balance of your Account.

Skip Payment Option. Occasionally we may offer you the option to "“skip" ” your minimum monthly payment. You may not skip payments unless this offer is made to you. Skip Payment Option will not be available to you if your Accounts are delinquent or in default. When you use a skip payment option the periodic Interest continues to build on the entire unpaid balance of your Account.