I had a similar circumstance with them. The switch-a-roo may have happened if you ended up with a diffrent rep than the original one you spoke with. I went round and round with them the last week before the 180 day chargeoff. One rep offered one thing, the next day another offered something else, then when I questioned what the other rep told me they started with the runaround. With B of A most people are getting 20% - 25%. They were offering you a little over 30% till they came up with the new figure. If your account charges off at the end of the month, keep on them for 20% to 25%, don't budge. If they remind you of the offer of $6,700, say you paid $2,700 to a creditor that decided to give you a fair settlement. Keep calling back every day till you get a rep that will work with you. Call diffrent times of the day and you won't get the same rep. Pester them the way they pester you! Let me warn you about this too. They may try to get you to send them a payment for some specified amount to supposedly "lock in" a settlement deal, usually withdrawn from you bank account. DON'T DO IT! Get something from them in writing first! (they will fax it to you, if you don't have a fax, have it sent to a Kinkos or some place like that) I don't care what they tell you, get it in writing, then let them take the money. Peace

That's what HSBC did. They called me out of the blue when I was only a payment late and offered to settle for half over 6 months. I owe them about $3,600. They sent me the offer and I paid the first payment yesterday.