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Your credit rating affects the interest rate which then in turn affects a total payback amount. 
Rising Star
Yep exactly what above 2 said. And hey all good OP, we all have things we “suppose” to know but don’t lol.
Your principal is the same regardless, but a lower credit score could cause a higher interest rate which in turn means you will pay more interest over the life of the loan, increasing your total amount paid.
Thanks everyone! Much appreciated.
If ur credit score is above like a normal / good, it makes no difference. So don’t worry about like a 20 pts drop from some random things.
I paid the $50 or whatever it was to the collections agency and they took it off. And yes it took 2-3 months for it to reflect
Started checking my credit annually after that (which is free per the credit reporting act)