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.
In general, a bankruptcy will continue to appear on your credit report for 10 years after the filing date. Individual accounts may fall off your credit report after seven years and 180 days from the start of the delinquency.reat question. There are set time frames for how long negative information remains on a credit report. This link explains how long and why certain information remains on your credit report: http://blog.equifax.com/credit/faq-how-long-does-information-stay-on-my-credit-report/.