Need Help Fine-Tuning Debt Settlement Agreement?

It depends if the debt has been charged off or not. If the debt has been charged off your credit report will report as 'Paid Charge Off' if the debt has not been charged off yet it will say 'Paid-Settled" or "Paid for Less Than Full Balance" it can't say "Pay as Agreed" because you did not pay the debt as you had originally agreed when you entered into the agreement.