Especially when the debt was resold for a small percentage of what you owed, and entity you borrowed from absolutely refused to negotiate with you in any way th

Especially when the debt was resold for a small percentage of what you owed, and entity you borrowed from absolutely refused to negotiate with you in any way that would allow you to pay them back at a reduced cost, or even at less than 20%+ interest and late fees. (Eg: Standard Operation Procedure at Bank of America.)