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.
Actually, collection accounts may be reported for seven years +180 days from the date you first fell behind with the original creditor (the original date of delinquency). If the creditor is reporting the debt is a charge-off, then that charge-off can be reported for seven years from the date it was charged-off.ere is what many debt collection agencies are doing, they will take an old debt that has long expired after the 7 or 10 year mark and then change the original date of debt and place it back on your credit report.