If I pay a lump sum settlement will my credit score improve?

If I pay a lump sum settlement will my credit score improve?
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Answer :

Usually it says “paid in full for less than the full amount.” (or something like that .) It might look better to some creditors and it might raise your mysterious FICO score by a bit, and it will also extend the amount of time they will be allowed to show it on your credit report. I think it’s 7 years from the last transaction, so if you pay the settlement, it will be seven years from the date you paid it.
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