<human>: Dear redditors,

You are wizards of the internet and I would like to ask you a question.

I stopped paying the credit card company when my financial situation got a little tougher and they refused to allow me into their hardship program. 

I must mention I am a full-time student taking on a heavy unit load in order to graduate by the end of March 2012.

I received some envelopes from the collection agency but I also received some from the credit card company saying that they can negotiate up to a 40%, then 50% off and gain membership again.

Question: 
What should I do now? Should I call them and accept but tell them I won't have an income until mid-April? Will they accept or will they demand payment in full right now? I am a poor student, so there's nothing they can take from me, anyway; they have to wait for me to start working. If I wait without calling them, will they send me an offer for, say, 60%, 70% off or can I negotiate that in a month or two? I read some companies negotiate with the banks for up to 75% off.

Looking forward to your wise advise.

Can you provide a brief rundown of the text in within 3 sentences?
<bot>: Credit Card company offers me 50% off to settle my account. I'm a poor student without a job and soon graduating. What's the best deal I can get?