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Albwilliams

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Settling with the debt collectors will it help my credit score

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Yes and no.

It will in that you won't get any further nastygrams in your report (as a collector gives up and sells the debt to another collector, who in turn lodges a negative entry).
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It won't in that the existing negative marks will remain on your report for seven years, unless you negotiate a pay-for-removal with the collection agency. 

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