Common use of Skip Payment Option Clause in Contracts

Skip Payment Option. In our discretion, we may offer you the opportu- nity to not make (“Skip”) a minimum payment during certain designated billing cycles (“Skip Payment Period”). If you do not make your minimum payment as provided in this Agreement, during such designated billing cycle, you understand that we will continue to apply Finance Charges to your Account. Beginning with the billing cycle following an allowed Skip Payment Period, all other provisions of this Agreement will apply. We have no obligation to accept your application for any Skip Payment Period offered, and you authorize us to investigate your creditworthiness including obtaining consumer credit reports. We may charge you a skip pay fee for each Skip Payment Period that we may offer to cover our cost of investigating your qualifications for this extension, including (but not limited

Skip Payment Option. In our discretion, we may offer you the opportu- nity opportunity to not make (“Skip”) a minimum payment during certain designated billing cycles (“Skip Payment Period”). If you do not make your minimum payment as provided in this Agreement, during such designated billing cycle, you understand that we will continue to apply Finance Charges to your Account. Beginning with the billing cycle following an allowed Skip Payment Period, all other provisions of this Agreement will apply. We have no obligation to accept your application for any Skip Payment Period offered, and you authorize us to investigate your creditworthiness including obtaining consumer credit reports. We may charge you a skip pay payment fee for each Skip Payment Period that we may offer to cover our cost of investigating your qualifications for this extension, including (but not limitedlimited to) the cost associated

Skip Payment Option. In our discretion, we may offer you the opportu- nity opportunity to not make (“Skip”) a minimum payment during certain designated billing cycles (“Skip Payment Period”). If you do not make your minimum payment as provided in this Agreement, during such designated billing cycle, you understand that we will continue to apply Finance Charges to your Account. Beginning with the billing cycle following an allowed Skip Payment Period, all other provisions of this Agreement will apply. We have no obligation to accept your application for any Skip Payment Period offered, and you authorize us to investigate your creditworthiness including obtaining consumer credit reports. We may charge you a skip pay fee for each Skip Payment Period that we may offer to cover our cost of investigating to) the costs associated with researching your qualifications creditworthiness. The payoff table on your monthly statement for this extension, including (but not limitedthe skip payment month may reflect a negative amortization.

Skip Payment Option. In At our discretionoption, we may offer you the opportu- nity opportunity to not make (“Skip”"skip") a minimum payment during certain designated billing cycles (“Skip Payment Period”"skip payment period"). If you do not make your minimum payment payments as provided in this Agreement, during such designated billing cyclecycles, you understand that we will continue to apply Finance Charges finance charges to your Accountaccount. Beginning with the billing cycle following an allowed Skip Payment Periodskip payment period, all other provisions of this Agreement will apply. We have no obligation to accept your application for any Skip Payment Period skip payment period offered, and you authorize us to investigate your creditworthiness including obtaining consumer credit reports. We may charge you a skip pay an application processing fee for each Skip Payment Period skip payment period that we may offer to cover our cost costs of investigating your qualifications for this extension, extension including (but not limitedlimited to the costs associated with researching your creditworthiness.