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Settling Overdue Modesto CA

I am a student who has gotten into debt from being a student. My question is, I have debt collectors sending me settlement balances, if I pay these balances offered, will this wipe out the debt in full and what kind of marking will appear on my credit report?

Legal Recovery Services
(209) 529-3393
1500 Standiford Ave
Modesto, CA
 
Affiliated Consumer Control
(209) 572-3051
Po Box 5052
Modesto, CA
 
Alexander Mark J Law Office
(209) 577-1646
1500 J St
Modesto, CA
 
Modesto Paralegal Services
(209) 521-9447
140 Mchenry Ave
Modesto, CA
 
Stanislaus Credit Control Service
(209) 523-1813
914 14th St
Modesto, CA
 
Cunningham & Lansden Attys At Law
(209) 523-1771
515 13th Street
Modesto, CA
 
We The People
(209) 523-8227
1347 Mchenry Ave
Modesto, CA
 
Altman Steven
(209) 521-7255
1127 12th St
Modesto, CA
 
Abbott Michael Law Offices
(209) 847-1403
1021 14th St
Modesto, CA
 
Anderson Tom L Attorney At Law
(209) 579-5555
1300 H St
Modesto, CA