LendingFront currently supports 3 type of Payment Methods:
- ACH
- Wire
- Check
ACH payments that are created with Payment Method ACH are initiated and sent for collection by LendingFront. For payments created with the ACH payment method, the platform sends the payment order to the payment network and gets back the status of the payment from the payment network.
WIRE & CHECK payments are not initiated or sent for collection by LendingFront, rather these are just used to reflect payments received elsewhere by the lender, reflecting the amount, date and corresponding impact on the balances.
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