Settle GM Card (HSBC) offers?

Keep pushing your settlement offer and negotiate till you reach a figure which can be mutually agreed upon. How long has it been since you have fallen behind on your payments?

Didnt Capital One buy HSBC's credit card portfolio?

If so, settle fast with HSBC or you'll pay dearly to settle with Cap 1.

I stopped paying a Chase Sony card last year, they sold the Sony branded card to Cap 1 a month later, had to settle a year later with Cap 1 this month for 65%!

GM transferred the account at 120 days late to NCB, who has been absolutely no help. Won't reduce the interest rate, which is 30%, or make a payment arrangement that we can work with. The guy literally laughed at me when i made a settlement offer of 15% late last fall. The account balance was $6800 when we defaulted. He said HSBC is Hong Kong Savings Bank and they are not in a poor financial condition like American banks and will not accept a lowball offer. Meanwhile, I have been scraping funds together to make a payment every month for 3 mos now as they keep telling me the account is going to charge off if I don't. Last night, I was able to login to this account and see that I have made absolutely no headway, infact we've gone backwards on the balance after making almost $700 in payments the last 3 months. It is over $8,000 because they are still charging 30%+ interest and late fees, which amount to more than what we've paid! So ... what do I do now?