Circumcised but have a small lump

Hello, so I suppose this question is more directed toward users of this forum rather than a doctor, but I would appreciate if anyone would please reply.

So I was circumcised at birth, but always had a very small nub or lump of foreskin that remained on the right side of my penis. It was never a big concern at all and it was hardly noticeable, occasionally it would get red or irritated during sex, but not a big deal.

Well, about a year ago I was masturbating at an apparently bad angle against the head, and managed to stretch out this little lump of skin even further. It's not like terrible now, but it is definitely noticeable, and it does stick out even when fully erect. I haven't had sex since this happened, and I'm wondering if it could be a serious problem, as it does stick out slightly, and may cause bad friction and tugging and then stretch out even more.

I'm wondering if anyone has anything similar to this and if it does cause problems during sex. My only resort with something like this is surgery and that is extremely expensive and at best only a solution for me in the far future.

I would appreciate any constructive responses here. Thanks.