it's called a keyloid
it's an infection inside the skin and you have to squeeze it until you get the puss out, like a pimple. i took my septum out and have it now too.
Jess523, I have exactly the same thing as you have described. Years back, I was to have the lump removed, though was told it would bleed terribly and there was a high risk of infection, I decided against having it removed ... though, I really wish I would have gone ahead and had it cut out. Since then I've had it checked by doctors and had been told everything from cancer to a cyst ... one doctor was quite alarmed when seeing it and sent me to a specialist and he said it was nothing, though I think he was wrong. When I push the bump to one side it looks like a ugly wart or something and it's somewhat soar, I recently had rhinoplasty (nose job) and I had not mentioned this condition to the doctor, as I thought he'd notice if it was anything abnormal ... dumb me, I really should have brought it to his attention and maybe then he could have removed it ... the area continues to be sore
i have the same thing...its like a pee sized lump on my septum. it only hurts when i touch it but it feels more like theres a cut on it. i'm really freaking out cause i looked on web md and it said something about some kind of cancer....i dont have health insurance either...someone please help!