Debt Collector Sent Settlement Offer But No Money?

I have a debt in collections close to $8,000. CA sent a letter offering me a discount of 40% on the debt. I would love to take them up on it but don’t have the funds to do the required one-lump payment. If I don’t respond to this offer will I be more likely to get sued? I have no one to turn to such that I can come up with the 60% that’s required. The debt has been in collections for 2 months now.
Has anyone been in this position and been able to negotiate another deal at a later time? They sent me the offer even though I’ve never been in correspondence with them. I will be in a better position to accept or make a lump some settlement in about 2-3months when I have saved up more money to offer maybe 40 – 50%.

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