Can I Change My Due Date With Kia Finance? you may think this question If you are a kmfusa vehicle owner whose loans are being financed by Kia, this question may already have crossed your mind.
In this guide, we will closely examine Kia Finance, addressing the issue of the due date-changing and more.
Understanding How They Change the Date
Let’s now try to answer can I change my due date with Kia Finance? As frustrating as these questions may be, they can all be answered very simply: The answer, in the majority of cases, is yes, you can. However, there are some important factors to consider and steps to follow.
Kia Finance is aware that its clients may wish to alter their payment schedules. They usually let customers request a due date change in terms of can I change my due date with Kia Finance?
However:
- Your account must not be delinquent to comply with this rule.
- You may however do so only once in a 12 month period, more often than often within that relative lead interval of plus or minus twenty days of this relative new due date.
- The new desired date must still be relatively close within the given range (typically, say, about 20 days above what has holistically been referred to as current due date).
- Processing fee may be applicable when changing the due date.
All in all, Kia Finance offers only one due date change per year, and allows you to do so within 20 days without extra payment.
How to Request a Due Date Change
For those wondering ‘Can I request for a change of the due date while being under Kia Finance’, here is how you may request your due date:
- Log in to your Kia Finance account: Go to the official Kia Finance website and sign into your account.
- Navigate to the payment options: Search for a link/section which mentions something on payments/account after standing.
- Find the due date change request option: This might be under a ‘Manage Payments’ or any section that is likely similar at that point.
- Select your preferred new due date: Select a date that you feel is within grasp of your finances.
- Learn about the terms and conditions: Be sure that you are aware of all charges or any costs associated with changing this date.
- Proceed with your request: Make sure you are satisfied with everything before proceeding toward submitting your request for review.
- Approval wait: There will be a request sent to Kia Finance from your side, and they shall need some time to respond to you with their decision.
Changing due dates with Kia Finance would involve logging in, following the steps, reviewing the terms, and waiting for approval.
What If I Can’t Find the Option Online?
In case if you don’t find the option to change your due date on your online account, then don’t panic.
You can still look at the option of changing your due date by:
- Calling Kia Finance customer service
- Visiting the nearest Kia franchise
- Making a written request to Kia Corporation by mail.
If you cannot change the due date online, it is advisable to ring customer service, go to a franchise or send a request by post.
Things To Think Before Changing Your Due Date
There are a number of reasons why you may want to change your due date, which obviously are self-explanatory; however, before you change your due date with the aid of Kia Finance, you will need to know the following.
Have a look:
1. Effect on interest
The due date change policies may also result in the changes in the interest rates charged to the borrowers over the repayment periods.
Here is a simple summary to info graphically clarify.
| Current Due Date | New Due Date | Change regarding interest |
|---|---|---|
| 1st of the month | 15th of the month | insignificant increase of interest rate |
| 30th of the month | 15th of the month | Insignificant reduction of interest rate lowered ok |
On changing the due date, the interest rates may go up or down, hence leading to either a slight increase or decrease during the repayment period.
2. Effect on credit score
In time, changing this due date in itself will not have any adverse effect on your credit score. Changing the due date only is that one should be careful so as not to skip any payments due within the transition period.
3. Fees and Charges
If you want to change the due date assigned to you by Kia Finance, there’s likely a fee for that. Make sure you’re aware of the pros and cons before going ahead.
4. Planning
Take note that there are restrictions placed on the frequency of changes to your due date. It is important to make the right choice in order not to have to change it all over again soon.
Other Options If You Can’t Change Your Due Date
In circumstances where you’re posed with the question Can I Change My Due Date With Kia Finance? then let me tell you that it’s not the best practice.
Other options include:
- Set up automatic payments: This makes it impossible to fall back on due dates irrespective of the time at which this obligation is to be met.
- Create a budget: Excuse me, your payments need to be within the budget. Budget the payments based on the due date you have now.
- Build an emergency fund: There may arise situations where payments need to be done but the time for making it is not favorable.
- Refinance your loan: In certain situations, loan term changes may provide benefits and a preferred payment date.
Therefore, Automated payment options, budgeting, creating an emergency nest, and refinancing your loan add up in the management of payment obligations.
Why Changeable Due Dates Are Better?
The fact that one is allowed to change the payment due date with Kia Finance has many benefits:
- Improved cash flow: You can schedule all your car payments in line with your paychecks.
- Less worry: Knowing that you can choose when and how to pay enhances payment security.
- Likely better payment records: There is an increased possibility of making payments on time with a more suitable payment date.
- Better budgeting and usage of funds: This makes it possible to plan monthly budgets in a better way.
Therefore, Kia offers the option of changing the due date of your bill payment.
Conclusion
In conclusion, Can I Change My Due Date With Kia Finance? As we have seen in this guide, the answer will most likely be yes, though there are parameters to look into and some restrictions. Kia Finance has well considered and offered such facilities to have their payment systems optimized, yet regarding such imposition, one has to ensure that there is more gain than loss before applying such a course of action.
