Pick-A-Pay

Pick-A-Pay allows eligible members to lower their eligible auto loan payments by extending their auto loan term and slightly increasing the interest rate. Members are responsible for updating any automatic payments that exist when processing a Pick-A-Pay.

The benefits of Pick-A-Pay are:

• Allows members to reduce their expenses and add to their monthly cash flow without applying for a new loan
• After we receive e-signatures, modify the loan, and a new payment begins
• No new authentication or login required for the member's online account
• Loans may be extended from as few as six months up to an additional 18 months, not to exceed 84 months total
  • The minimum and maximum months to extend are individually calculated based on total new term
• Loans that include Guaranteed Asset Protection (GAP) and insurance policies are not eligible for Pick-A-Pay
• The process is simple to understand and only requires an e-signature

The following loan types are eligible for Pick-A-Pay:

• New or used car
• New or used truck

To avoid delays, please be aware that if you click the offer and exit the screen without completing the request, you will need to wait 24 hours before trying again. Similarly, if you reach the paperwork section and exit without completing the request, you will need to wait five days before attempting to try again.

Your existing rate increases according to the number of months extended. To determine the rates based on loan terms, reference the chart below.

The actual number of extended months the loan is eligible varies.

You must make your first auto payment on its original due date. After that payment has been made, call our Collections Team at 210-945-3300.