by HealPay | Sep 1, 2023 | Blog, Economy, Posts
The Federal Reserve has launched an instant payment system that allows businesses and consumers to send money in real-time, 24 hours a day, 7 days a week. FedNow, which launched on July 20, 2023, is currently available to banks in the United States. Several financial... 
by HealPay | Aug 28, 2023 | Blog, Collections, Posts
Debt collection is often perceived as a confrontational process. Many people picture collectors aggressively calling consumers and sending letters threatening to empty their pockets to pay off outstanding debts. While the reality of most collection firms is far from... 
by HealPay | Aug 24, 2023 | Blog, Collections, Posts
After exhausting other methods, collection agencies may turn to wage garnishment to recover balances resulting from a judgment in a lawsuit. Collection firms typically exhaust other methods before using resorting to wage garnishment to recover a debt. A wage... 
by HealPay | Aug 23, 2023 | Blog, Collections, Posts
Debt collection isn’t just about recovering money. It’s about finding a solution that’s feasible for the collection firm and the consumer. Negotiating helps you reach a middle ground faster. Demonstrating a willingness to negotiate builds trust and... 
by HealPay | Aug 18, 2023 | Blog, Compliance, Posts
Signatures are an important part of doing business. Legal documents in particular require signatures to establish the identity of the parties involved and to show each party’s intent to be bound by the terms outlined in the document. Signatures also provide...