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.
A collection account can remain on your credit report for 7 years plus 180 days from the date of the delinquency that immediately preceded collection activity. Letâs say you were really inconsistent with your cable bill â you missed it in January but caught up in February, only to miss it again in March and April.