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.
Understanding a time-barred debt is relatively easy. Just as the name implies, the time for the debt has been barred. Most states have a time limit for collecting debts that ranges from 3 to 10 years. Once this time runs out, if the bill collector sues you for the debt, you can have the suit dropped because it is a time-barred debt. Having a time-barred debt does not mean the collectors wonât try to collect the debt, it just means they cannot sue to collect the debt. The person owing the money can still choose to pay the debt even though the time has expired. Click for the full glossary of credit card terms.