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.
How long does bankruptcy stay on my credit report? A: A bankruptcy may take up to 10 years to fall off of a consumer credit report, according to FICO. During this time period, anyone who performs a credit check can see the consumer's bankruptcy information. Continue Reading.