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.
Collection accounts can remain on your credit report for up to 7 years. Even if you pay it in full itâs still considered a negative account and will remain on your file as a âpaid collectionâ for 7 years.ou can get an agreement in writing that the debt collector will REMOVE the collections from your report. 3. The collection account is recent. If itâs an older account, you will probably be better off just waiting for it to fall off or you can dispute it.