GE referred me to Allied Interstate. is it good?

I am 116 days late and I am in 3rd party collections with Allied Interstate. I tried to call GE Directly today and they would discuss my account, they referred me to Allied Interstate. I called them to settle and they said the lowest they can go is 50%. they said if I paid $89.00 it would take me out of 3rd party collections and then I could talk to GE directly and try to settle with them. Wouldn't this just make me not as late with GE, do you think Allied Interstate will go lower if I hold out more days even if they said this was as low as they could go, or should I pay the $89.00 and try to get back with GE?