Judgment from local hospital. Negotiate a settlment

The local hospital took me to court and consequently got a judgment againstme (my property) for $1,400, now it is up to $2,360 with interest. In 2years it will be off my credit history according to one credit report fromone of the credit bureaus.I contacted the hospital to see my balance and that's when they told me theabove. They sent me a form to fill out agreeing to have my credit checked once again and asking total financial info , notarized, etc. I don't want todo this, but would rather send them a negotiation letter from your web site. What is the amount I should offer them to settle this. It has been since 2003 since they got the judgement. I did make a few payments after court, but then finances became so unbearably tight due to disability and no incomethat I stopped making payments. Now I would like to settle it. The rest ofmy credit report is good except for this so I'm looking to clear it up - oneday I may need it.
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40 cents on the dollar