Hey Dr Rynne, Slightly Embarrassing Question, But I Pulled A

Hey Dr Rynne, slightly embarrassing question, but I pulled a couple of hairs out around the base of my penis and im not sure if its just popped up or been there for a while, but theres a red lump that sort of looks like a skin tag almost except more like a mole.. Im a bit worried it is cancerous should I get it removed?