I have a 543credit score just bought new auto will it drop my score ,also how much would paying my collections

Answer 1

It shouldn't go down. If you make your payments in full and on time your credit score will increase.

Answer 2

It wont change your score immediately, but could make it more difficult to obtain other loans since you now have more debt. However, making your payments on time will increase your score. Paying off your collection accounts will definitely boost your score. Make a deal with the collection agencies. Most of them will accept 1/2 of what you owe as payment in full. Just make sure you get it in writing from them.