<prompt> Human: Hey guys, Im kind of in a bind here so I thought I post my situation here. I am getting sued by CACH, LLC. which is from what I found out a notorious debt collection agency. I am getting sued over a 2700 debt from best buy store card, which was originally owned by HSBC bank and then written off and sold to CACH, LLC. I defaulted on payments in November 2012. I know theres a chance of me winning the case if i decide to fight it, but honestly I just want to get this over with and settle with them without going to court. The question I have is how low should I try to settle for? My credit is already shot so at this point I dont really care how low it will go if i settle. Let me know what you guys think. Any info is appreciated.  <response>: Offer them 10 cents on the dollar and a letter of Closed After Repayment. Its classic Game Theory at this point.They lose money on the court case. Win or lose, they still owe the lawyers. Win, and you get a reduced garnished wage deduction. Neat. But theyre not making money.Lose, and they lose everything. So its in their best interest to negotiate. And meet you on your terms.All they really have is intimidation. Youll say 10 cents on the dollar, theyll regale you with tales of woe on how screwed you are, how theyre coming after, blah blah yappy yappy yawn.Thats nice. 10 cents on the dollar.Theyll go into how much trouble youre in, how this is making it worse on... whatever. 10 cents on the dollar.Youre already being sued. For 2700. Not 27,000. This is a lose lose for them in the long run. Remember, they didnt buy your loan, they bought an unknown bundle of loans, of which yours was one.They want it to be over too. Theres no profit here for them.Make the offer, ignore their one bullet in their gun intimidation and meaningless threats, stick to it, and you can wrap this up quick. 