COVID-19 has dramatically affected lives across the globe and throughout the Lorain County community. LorMet is committed to serving our members in these difficult times, keeping drive ups open during regular business hours along with our call center. We realize many of our members are also facing financial challenges throughout this crisis. In response to several requests, LorMet will extend your loan payment free of charge for 60 days via our COVID-19 Payment Deferral program, beginning in April.
Here’s how it works:
- Complete the Payment Deferral Request Form on the bottom of this page.
- Please sign your completed form and send it to email@example.com or fax to 440-960-6684.
- No fee required.
Once your request is processed, we will move your loan date forward by two months from your April 2020 due date. Interest on your loan will continue to accrue at the rate originally stated, and the maturity date on the loan will be extended. Your normal payment schedule will resume in June 2020.
Visa Credit Card Payment Deferral
LorMet Visa Credit Cardholders may skip this month’s minimum payment. Finance charges will continue to accrue. Those that wish to continue to make their payment, are encouraged to do so.