Ends up, many loan providers do provide a little bit of a elegance duration before issuing another ACH request, there was a tiny but sizable quantity of demands that happen in the day( that is same):
How lousy are pay day loans? Times between initial failure of an ACH demand and a retry, by result.
So, 5-7 times and 2 weeks would be the most typical retry times, with two weeks (i guess going to an extra payday) is considered the most typical retry date that is successful. Note, too, the spike that is large failures at Day 3.
The 0 pings - that concerns me, but I see that these second ACH hits are often successful (if causing overdrafts) day. The truth is, many subsequent needs are likely to fail - and also this is the vicious period of pay day loans, if you think about the charges which are...