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Skip-a-Payment

Skip-a-Payment

Do you ever wish you had just one less bill sometimes?  Southern Security offers you that option on the majority of its loans via Skip-a-Payment*.  This allows you to NOT PAY on your loan for one month (or monthly equivalent, regardless of your payment schedule). This option is available to those who have made payments on time for at least six months. This option may be used once every twelve months for the life of the loan. However, we recommend that you use this option sparingly as it will increase the length of your loan as well as the interest paid. There is a nominal fee for each skip-pay.  Contact your loan officer or any location for complete details.

*Offer available only on Southern Security loans open at least six months. Real estate loans are excluded from this offer. Loans must be current with no delinquency; minimum payment of six months (or equivalent) on loan before eligible to skip-a-month. Limit one “skip” per loan per 12-month period. This will extend the term/length of your loan and your interest will continue to accrue.

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