Kensington Finance Make A Payment

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Kensington Finance provides various options for making payments on your mortgage. Understanding these options ensures you can manage your account effectively and avoid potential late fees or negative impacts on your credit score.

Online Payments: Kensington Finance typically offers an online portal for convenient payment processing. This portal usually requires registration and allows you to link your bank account for electronic funds transfers (EFT). Setting up recurring payments through the online portal is a popular choice for many borrowers. This automated approach ensures timely payments and reduces the risk of forgetting a due date.

Payment by Phone: You can often make payments over the phone by calling Kensington Finance’s customer service line. Be prepared with your account number and banking information (routing number and account number) if paying via EFT. Note that some phone payments may incur a processing fee, so it’s important to inquire about any applicable charges before finalizing the transaction.

Mail-in Payments: Traditional mail-in payments are generally accepted. Ensure your check or money order is made payable to Kensington Finance and includes your account number in the memo section. Mail your payment to the address specified on your billing statement. It’s crucial to allow sufficient time for mail delivery to avoid late payment penalties. Mailing your payment several days before the due date is a prudent practice.

Payment Options to Avoid: Avoid sending cash through the mail. This is not a secure method, and Kensington Finance is unlikely to accept responsibility for lost cash payments. It’s also generally not recommended to drop off payments in person unless specifically instructed to do so. Always confirm acceptable payment methods with Kensington Finance directly.

Late Payment Considerations: Familiarize yourself with Kensington Finance’s policies regarding late payments. Understanding the grace period and any associated late fees will help you avoid unnecessary charges. If you anticipate difficulty making a payment on time, contact Kensington Finance immediately to discuss potential options. They may be able to offer temporary solutions or payment arrangements to help you navigate financial challenges. Open communication is key to preventing further complications. Keep records of all payments made, including confirmation numbers or copies of checks, for your own documentation and potential dispute resolution.