Quoting Zav'sMama815:" <blockquote><b>Quoting Klaus:</b>" It will still be on your credit report that they ... [snip!] ... should all be settled and off? That's good to know then I was worried it would take years for the credit damage to be repaired"
Well by March it should say that you've settled it and the account is closed. But I'm pretty sure it will still say you had a collections account for like 7 years. It takes a while for credit to recover from that. Honestly, I'm not sure that closing an account that was only for 4k would make much difference on your mortgage loan. That's a small debt considering how much some people have lol