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Hello baffled and welcome to credit magic. The term "paid upon agreement" suggests that you have settled a debt for less than what was owed. If you had a credit card debt for $1,00 and then asked and got a agreement to settle it for less then it would list it on your credit report. This does negatively effect your credit score and future credit from other lenders. It shows future lenders that you could not pay the original amount yolu owed and the creditor that extended you the credit had to take a lesser amount.
I hear you fireyone, that is what happens to me everytime I apply, mine are listed as "paid, settled" I get questioned about them. What happened? Why did you not pay them? I tell them they were paid off and they have dropped it, but it has made things take longer that is for sure.
At my bank we explained what the problem was. My hubby had a card his mother took out using his name and it messed with his credit. We told the story to the bank one time. They said they would wrte it on his account history so he would never have to explain to them again. We have gotten loans since and was never asked about it. If fell off last year even though it was not suppose to til this year.