The CU*BASE Skip-a-Pay program for online credit cards allows you to define multiple Skip-a-Pay programs according to loan category and statement period. Eligibility rules such as delinquency status, how long the account has been opened, presence of a block code, etc can be set up for each program. Simulation reports help you to tweak the settings as needed ahead of time.
The program is automatic for all eligible members (no opt-in is necessary), so for the designated statement period the minimum amount due for the account will be set to $0.00 for one month only. The following month the normal payment will resume automatically.
You will use Tool # 317: Credit Card Skip-a-Payment Configuration to create your Skip-a-Pay program and define your program parameters.
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