Merrick CO - Should date updated change after dispute?

[LearningToFly]

I've been on this board a while and having some successes thanks to all of you.

 

I was having another look at my Merrick charge-off, and noticed something I hadn't before. I recently disputed this as obsolete (I'm way early, but thought I'd give it a shot anyway) and it came back verified of course.

 

What I noticed though is that the date updated (or date reported) didn't change. I guess I always assumed this would update when the OC verifies the entry to the CRA. I'm not familiar with whether this is something that should update or not when a dispute occurs. Any clarification?

 

Reports as follows (this info is from MyFico.com):

Date Opened: 7/2007 (EQ/TU/EX)

Status Date: 11/2012 (EQ/TU) 10/2012 (EX)

Last Activity: 12/2007 (EQ), 3/2008 (TU), 6/2008 (EX)

Status: Collection/Charge-off/Loss

Balance: 1418(EQ) 1419 (TU) - (EX)

 

FWIW my records show a returned check item in 11/2007 and a separate last payment in 11/2007, so I'm going by those dates as DOFD. SOL in my state is 6 years.

 

On 'official' report from TU shows the date to fall off shows as 11/2014.

Report directly from EQ shows Date of First Major Delinquency as 4/2011 but also Date of First Delinquency as 12/2007.

 

 

Basically I'm hoping not to hear anything further from them through November, then once out of SOL I'm gearing up to try any and all tactics to get this one deleted once I'm into the safety zone. I've done extensive reading here and elsewhere online and understand that Merrick is one of the toughest nuts to crack, not in small part to the fact that although they employ collection agents on their behalf, they retain ownership of their accounts.

 

 

[LearningToFly]

Self-promoting bump.

[LearningToFly]

One final bump...

[TX-Bluebonnet]

You might want to use 12/07 as the DOFD instead of November, to be on the safe side.

 

I don't know if the updated/reported date should have changed or not upon "verification" of the dispute. I'm thinking that date changes when the data provider sends/uploads their data feeds to the CRAs.

 

Right now your EX report isn't showing a balance on this TL, so you have that in your favor at least.

[want2bahomeowner]

I can tell you that Merrick has one date listed as CO date for me on Credit Reports, but the backup statements they sent me shows that my account was charged-off long BEFORE the date they are reporting. Without a doubt they've re-aged. I'm still waiting for them to send me full documentation (all statements) so I can see what the charge-off date should really be. I think they've re-aged my CO by almost a year.

[LearningToFly]

That sucks! What do you do in that case - once you have documentation that they've re-aged?

[want2bahomeowner]

Still waiting on the docs. I'm told 6-8 weeks to get all my statements. They are showing co as aug2008. But my one statement I have from April 07 shows it was already charged off.

 

I want all the statements so I can see the exact date of charge off.

[LearningToFly]

This is one of only 2 significant negatives (this plus one medical CO that's less than a year old - doing Whychat's HIPAA on that one). The problem is that I need to buy a vehicle and this seems to be keeping me from doing so (been declined by everyone imaginable). So I have to get this removed some how. I'll keep this thread updated if I make any progress to assist others.