Offer

• You can call credit card companies and let them know if you have a hardship case. They may offer you a cash settlement.
  
  

Size

• Determine how much you are going to settle for with a credit card company. You may have to negotiate to get the amount you want to pay.
  
  

Significance

• Credit card companies offer settlements for as much as 50 percent of the balance, and sometimes more. When you have finalized the details on a cash settlement make sure you receive the details in writing before you send out any cash.
  
  

Considerations

• Make sure your letter spells out all of the terms and conditions of the cash settlement. There is a possibility that you may be able to negotiate the removal of derogatory credit information from your file. That information should be included in the written letter.
  
  

Identification

• You can visit some of the credit forums to see if anyone has had a problem with settlement offers from credit card companies.