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.
An unpaid collection account will remain on your credit report for  7 years from the date the account was reported by the collection  agency.Keep in mind that any new activ â¦ ity regarding the account  (for example, if you decide to pay it off) will reset the time  limit.ost information (good and bad) will stay on your credit report for seven years. However, some financial disasters (divorce, bankruptcy) can stay for as long as ten years. The â¦ silver lining to this is that, the older the negative information is, the less influence it has on the overall report.