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Firstly , this does not sound like skin cancer. The skin condition has been present since birth and moles do change as one grows. Moles are affected by hormones and as one grows the mole also changes in size and appearance. I advice that you refrain from shaving the hair. This may accidentally cause a cut or nick on the skin's surface. I suggest that you seek consult with your physician so that this will be assessed. Some forms of laser therapy may help decrease or delay hair growth in the area. Hair in moles is a sign that this is a benign lesion. Skin cancer destroys cells that help generate hair. So this is a good sign.
Some moles however, may not present similarly as other moles. A differential will be an atypical nevus:
"Larger than normal moles (more than a half inch across), atypical moles are not always round. Atypical moles can be tan to dark brown, on a pink background. These types of moles may occur anywhere on the body. "
Source:http://www.umm.edu/dermatology-info/other.htm
The url above has a nice discussion on how to assess changes in a mole. If these changes are present, then I suggest that you seek immediate consult.