From noncompact to compact: You must apply for licensure by endorsement in the new state of residency. Your individual state license issued by the noncompact state is not affected and will remain active if you maintain licensure and if so provided by the laws of the nonparty state.
It will remain on your credit report for seven years and 180 days after it was first reported late. Although paying the settlement is unlikely to affect your credit score, it will ensure that you are not sued. A judgment against you is an even worse blemish on your credit report than a collection.
Helpful to 1 out of 1 people. No rule when they send to collections (except it must be at least 90 days past due). When unpaid, the account falls off 7 years from the date it first went delinquent. So the original creditor probably gave up and sold it to a collector. The collector still has to use the first date of delinquency as the start date for the 7 year clock, so in another year it should be off your report completely.