The company pulled in $18 billion in earnings, grabbing a hold of 93 percent of the handset industryâs total measurable profits, according to a report from New York City-based investment firm Canaccord Genuity.
You have 30 days to dispute the debtâs validity. In the event that you donât dispute it within 30 days, the debt collection agencywill assume that the debt is valid. On the other hand, if you do dispute its validity within the 30 days, the agency must send you verification of the debt.
Statute of Limitations. Your stateâs statute of limitations for debt collection dictates how long a collection agency or credit card company has to file a lawsuit against you for your delinquent credit card debt.tâs unlikely that your original credit card company still owns your debt after seven years. Credit card companies charge off bad debts after 180 days and sell or assign this debt to collection agencies. Over time, your unpaid debt can pass to multiple collection agencies.