SKIP PAYMENT. If Your Account is in good standing, We may allow You to skip certain payments each year in exchange for payment of a $25.00 fee FINANCE CHARGE. You will not be charged a Late Charge for those payments skipped. However, Finance Charges will continue to accrue as set forth in this Agreement. The correspondence We send You immediately preceding the Skip Payment Period will identify the month(s) that You may skip, and the Periodic Statement sent to You immediately following the Skip Payment period will indicate the Minimum Monthly Payment due. At that time, Your Minimum Monthly Payments will return to their regularly scheduled amounts and due dates as specified in this Agreement. You may opt out of this program by contacting Us.
Appears in 2 contracts
Sources: Credit Line Account Agreement, Credit Line Account Agreement