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How to negotiate a settlement with Midland

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Hi,

While living in California, I got into debt with an Amazon card (SYNCB/AMAZON PLCC) for $3,500. It was closed in 11/27/16 and bought by Midland around 4/27/17. I remember getting some notices (settlement offer then threat to sue) around that time but did not have the money to pay anything at that time. I moved to Lakewood, CO for school in August 2017. I am still in school so I don't have much money but need to find a way to settle the debt. I don't need to have it taken off my credit, I just want to settle with a smaller lump sum.

The original debt was actually around $2,600 but with all the interest and fees it ended up being $3,500 before the account was closed.

Is there a way to get them to settle for a smaller amount and by how much typically? 

Thanks!


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