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Skip Payment

Skip a Loan Payment in Just a Few Clicks

Skip a Loan Payment

Life happens, and when it does, Skip Payment gives you a little breathing room. Skip a payment on your eligible Rivermark loan yourself, right in Digital Banking.* There is a $30 fee to skip your payment and it won't affect your good credit.

Eligible Loans include; auto loan, personal loans, credit cards, boat and RV loans.

Important Reminders

If your Rivermark loan payment is set up through an automatic payment at another financial institution, please contact them to adjust your next payment date. If you have recurring or scheduled loan payments in Rivermark Digital Banking, including payments set for a specific date or amount, please review and update them in Transfers. If the automatic payment is not updated, it will still process and be applied to your next monthly payment.
When you skip a payment, your loan term will be extended. This can increase the total interest you pay over the life of the loan. Interest continues to accrue during the skipped payment period. All other terms and conditions of your loan agreement will remain unchanged. Debt Protection and GAP policies may not cover the extended term or may limit the number of payments you can skip during the life of your loan. Please review your policy documents.

Skip Payment Rules

$30 Fee Per Loan

A $30 processing fee is added to your loan when your Skip Payment request is approved.

Up to 2 Skips a Year

Skip up to two payments per eligible loan in a 12-month period. Consecutive months can't be skipped.

Request 7 Days Ahead

Your request must be received at least 7 days before the payment you want to skip, or it may be declined.

Good Standing Required

All of your Rivermark accounts and loans must be current. You can't skip any of the first three payments on a new loan.

Frequently Asked Questions

Eligible: auto, RV, motorcycle, boat and personal loans, plus credit cards.

Not eligible: personal lines of credit, emergency loans, real estate secured loans, and business loans.
Each approved Skip Payment has a $30 processing fee per loan. Skipping a payment extends your loan term, which could increase the total interest you pay over the life of the loan.
Yes. Call us at 503-626-6600, weekdays 8am to 8pm (PT), and we can review your eligibility and submit your request for you. Digital Banking is the fastest way.