How does this work?

[Graphic]

Ok.. say your credit card account or any other account you have is already in the collection phase. You know with some other company harassing. Say if you end up paying whatever it is you owe or a % of it do they take it off your credit report and show it as paid? Or do they just leave it on your credit report as a charge off still? I was just wondering, I mean I'm still just gonna play my cards and wait till I finish law school and pay off whatever is there, maybe by then the statute of limitations will be up on some but who knows.

Anyways I was just curious I figured if I did end up paying them off if it was worth it or not really. Not just morally but you know.

[NASCAR20FAN]

If a agency contacts you and sauys you pay $.30 on the dollar and we'll clear your debt that is it! It will remain on you report, but should be marked paid. If you do that, and it is not marked as paid you can dispute that item to get it changed.

[AMISLANDER]

It comes up paid...I paid off Mastercard $4K....being that I filed bk...shouldn't have even bothered...will it really do me any good now?