So I defaulted back in January intentionally as part of my strategic default plan (about 160k in private loans through them - original principal was only 60k, but gotta love that compounding interest over the last like 19 years).

Anyway, they started out with a 70% settlement offer back in the fall, then I just got a 55% offer this past week. I def don't have enough saved up to pay that, I was hoping to wait until I get an offer around 30%, then I'd prob try to scrape together what I can and maybe take out a personal loan or something.

I'm about 11 months into my SOL and my state has a 4 year SOL (also, my state prevents them being able to garnish wages).

I previously probably would have jumped at the 55% offer, but I really wanted to get it down to at least 30%.

My only worry is that if they move forward with suing me down the line, is all hope of a settlement gone at that point and then you're just fucked? Or can you call them and be like "lets avoid a lawsuit and I'll take that previous offer you offered" and they will take it? Or are the like "haha, nope, too bad, too late, etc" and they proceed with the court case?

Anyone have any experience with that?

Thanks.