asvab, physical, background/credit check, boot camp date, dep swear in, ship. thats basically the gist of it. you will fill in the eqip sometime after the background check and the day you leave for boot camp.
as old guard said, collections are bad. i had a couple bucks i owed and my process stopped until i paid it off and showed proof to my recruiter that it was paid off. its bad to have stuff in collections because you cant move forward until its paid but they wont tell you "goodbye! dont even bother paying it!". if it pops up youre gonna have to take care of that.
i think that your initial paperwork is good and a recruiter thinks youre a good candidate. they dont send people to meps if they have tons of medical problems, attempted murder on their records and never passed middle school lol