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The collection account is going to stay on your account for a while.
Simply paying the account without getting it removed will not increase your credit score.
See https://www.credit.com/credit-reports/removing-collection-accounts-from-your-credit-reports/
Collections have a negative effect on your credit score.
The most recent two years are the most important where your credit score is concerned. The older a collection is, the less it hurts you.
Collections remain on your credit report for seven years past the date of delinquency.
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