This is a surprisingly simple fix. Just grab some thin scotch tape. Use as thin of a tape as you can and make sure that the edges align. You want to trick the printer into thinking that nothing happened.
Then when you place the ribbon back into the printer, roll the taped up section into the orange "take up" side.
Close the printer and you should be good to go!
If errors keep persisting, then change the paper and ribbon to a brand new one.