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Today I paid off my student loans that had gone into collections. Will my credit score change?
I am going back to school in January. After my previous student loans had been with collections for many years, the collection agency was able to settle with the loan company and today I paid the settlement in full. Will this help my credit score. It is my understanding that the loans will still be on my credit report for many years but will it now reflect that I have paid them?

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