I presume this is a Time Machine drive. If you aren't using iCloud for storing your Photos and documents I advise you do so.
You have two options:
- Format the drive and start again, this will sacrifice all your backups.
- Remove the old drive, store it and purchase a new external drive ( at least twice the size of the boot drive)
Time machine doesn't have to be a sophisticated drive and it is best not to install any unnecessary drive software which came with the drive.
I am using an old 1TB hard drive (mechanical) from my previous Mac and even though it is only USB 2 it works quietly in the background.