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should i pay off a collection?
I have a student balance from back in fall of 2010 and it was sent into collections back in april of 2012. I was never notified and now my credit is being seriously effected by it. Should i just pay off the collection account but wont it hurt me paying it off? Some one suggested since it was a small amount ($197) to just try to open another line of credit instead of paying off the collection.

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