Hi chewedtobits,

Pretty much every lender will come to an agreement for reduced payments if you are in financial difficulty, so long as you are honest with them about your situation and current debts. They would rather get the money back eventually, than have to fight for it in the courts, as I'm sure you would prefer to pay it off long term than be taken to court/have your credit history ruined. With regards to the percentage of the payment they would accept, you would need to contact them and discuss it.