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.
Of course, the collection agency may turn around and pursue her parents for payment and begin to report the debt on their reports, but for her, the matter should be cleared up relatively quickly. (The bureaus have 30 days to investigate.). Bear in mind that time lines are important. Assuming she was a day shy of 18 when the operation occurred and she just turned 21, the debt is three years old at the very youngest. If no one pays up, it will appear on the responsible party's credit report for another four years. That may not be so bad, but getting sued is a risk, so I recommend her parents check the statute of limitations for lawsuits and unsecured debts for their state.