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There is unfortunately nothing in the law that would call for the debt to be taken off your credit. The Fair Credit Reporting Act allows creditors to report when people owe them money. The debt would have to be incorrect before you could have it removed. While there are laws that require people, including landlords, to make accommodations for persons with disabilities, those accommodations do not extend to debt forgiveness. A landlord does not have to allow a tenant to break a lease without paying a penalty, and if the tenant does not pay, those debts remain on your credit.
You could seek to have the debt discharged as part of a bankruptcy proceeding, but that will harm your credit rating further, and it could take years to recover. But that might allow you to avoid paying the debts if you don't have the money.
I apologize that this was probably not the Answer you were hoping to receive. However, it would be unfair to you and unprofessional of me were I to provide you with anything less than truthful and honest information. I hope you understand.Good luck.
Once the debt is paid, you should be able to get it dismissed fairly quickly. The exact time depends on how busy the courthouse is.
If you've paid in full the settled amount, the debt will stop showing as owed on your credit report, which is when your credit rating can start to improve. They will still see the judgment, though, for up to 7 years after the status is updated. That can affect whether some people are willing to rent you an apartment, but seeing that a judgment is paid is much better than seeing that it's not.
Credit bureaus don't remove negative marks for 7 years usually, but you can sometimes request to have it removed after 3 or 4. A settlement could hurt you in the short run a little, if they show that part of the debt was charged off, but in the long run it shouldn't matter.
Nothing will remove it from your credit report 100% except time. Paying it will change it so it shows as paid. So will settling it, but they could still mark that you settled instead of paying in full.