Hi there. I do not have great credit. I am to the point where I pay everything on time and in full. I have 1 bill that has been in collections for about 8 months. It has already hurt my credit, but I want to settle the account with them. They are willing to settle it for less than half the amount owing. Will that hurt my credit even more if I do that? What is the right course of action for me to take? Any help would be greatly appreciated.