First off - Thank you for this Board - it is a definite godsend. Had an account w/Merrick Bank opened it in 1999, last date of activity was 2001. They closed it in 2000. - Charged off as a bad debt. I get my credit report today and it says date reported April 2006. The SOL in MD is 3 years (am I missing something?) How can they go back in and update it? What can I do about it?
If your last payment was in 2000, after which you defaulted, 3 year SOL would start from then, but that is just for them suing on the debt, and doesn't affect when they can report it on your credit report. This depends on your state law. The 7 reporting period starts from 180 days after you originally defaulted, or from when they charged it off, whichever was first., so they can still report. This depends on FCRA.
