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“Paid” merrick charge off reporting late and causing a 65 point drop? Help!

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My score was doing great, going up, mid-600s. Got a notice today my score dropped 63 points. Checked EVERYTHING to make sure I didn’t miss a payment, nope. Experian is reporting merrick charge off reported a more than 60 days late.  It’s been charged off for months and has a “paid” status. What can I do??? 

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What do you mean by "has a 'paid' status"?  Was your balance actually paid in full? 

 

What is the source of the reporting?  If a tri-merge or other third-party report not directly on paper from the four major bureaus, then ANY data should be considered as being for entertainment purposes ONLY.  Third-party reports should NEVER be used as a basis for any sort of action OTHER than seeing that SOMETHING has changed. 

 

If the account was correctly charged off, then you appear to have been potentially wrapped up in what can best be described as a reporting glitch related to some internal restructuring by Merrick.  Many delinquent accounts were not updated for a substantial period of time.  Somewhere around a year or so ago, they began to 'fix' the glitch to restore the monthly updates. 

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