Hi, I have tried to settle with Key Bank (unsecured line). I was nice and cooperated, but could not get them to settle for under 90% (I don't have it). One nicer collector told me they charge off at 180 days, and someone else said just wait and settle with the collection agency. I'm around 170 days now past due. Can someone tell me what the common percent is for a collection agency to buy debt that is 180 days past due? I heard it's 40% of balance is typical for 90 days past due, and that is what I paid on a different settlement. I'm guessing it's less for 180 days. I'd like to offer Key 20% now, but they will likely refuse. What's reasonable % to start with the collection agency?
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