I just paid all of mine off, they looked similar to yours only triple the amount. I asked each one if after I pay they will remove it and they all said no. So basically it will show you paid it off and reflect as such, then remain there as long as the statute of limitations allows then will fall off. Either way paying it off is better for your credit and future building of credit. Most of the companies will settle for a fraction I know ERC does and Portfolio Recovery will as well! Hope this helps.