Hi
First, thank you for the quick response! Second, the area did change color but only after I tried to "pop" it thinking it was a pimple.
Hi.
This could have been a mole or a skin tag. This has been present for years and the appearance has never changed. There is no associated redness, pain or swelling. There is nothing to worry about in this case.
If you want to have this removed, I suggest that you seek consult with a dermatologist. Firstly, this bump has to be given the right diagnosis. You may need surgical removal or less invasive procedures in removing this. Your physician has to determine first what could have caused the problem. It could be vascular or it could be a benign growth such as a mole or a skin tag. Techniques for removal vary here.