Ethically, if you owe the money it makes sense to pay it.
I don't think paying it will change your credit score though. It's already in collections and the damage has been done.
Current Cards:
Capital One Platinum ($2,500), Banana Republic Visa ($5,300), Chase Freedom ($2,000), Amex Zync (NPSL), Discover It ($11,500), Amex Costco True Earnings ($1,200)
