The phrase "to pay the collection" means to give money to settle a debt or to fulfill a financial obligation that is owed to a collection agency or a creditor. Full definition
The credit reporting agencies will not remove paid collection accounts from your report. (creditsesame.com)
«Sorry but our records show you did not so if you do not pay it this collection will hit your credit report and drop your credit score». (waynethecreditguy.com)
He must also pay a collection fee of 20 % on top of his weekly payment. (cmoptions.org)