I'm currently trying to settle/negotiate my credit card debt (no thanks to my spending ways during college). The debt is around $4000, but the absolute maximum I'd be able to pay might be around $1000 (annnd I'm willing to pay it off in one lump sum). BoA is the original creditor, and they're going to sell the debt off to a third-party after today, so they tell me. So I'm just wondering what's the typical "going rate" for a settlement in this situation? BoA says that 35% of my debt is the absolute best they can do, but what about once it's sold to a third party? I just want some statistics to help me during negotiating, or any tips at all.