Suggest Remedy For Skin Problem

Hi, I am a healthy 22 year old female, 120 pounds and 5 feet tall. A skin tag appeared on my upper thigh/groin area about six weeks ago, smaller in size than a pencil eraser and the color of my skin. Just last night, i noticed the tag was redish with a whitish tip, looking and feeling more like an ingrown hair. So i poked it, thinking it would release puss, but instead it bled. Now it is scabby and I'm not sure what to do with it because I want to get rid of it. Can i cut it off?