How To Settle Debt - Credit Card Debt Settlement

Best Way to Settle Your Credit Card Debt FAST:

Do It Yourself Debt Elimination Debt Settlement

I recently suffered an illness, lost my job, have several credit card balances, could not keep the payments up, tried to work an arrangement with the credit card companies, but that did not work out either. Now they are all in collections, my credit score is trashed, and short of filing bankruptcy (I do not want to do), I am getting offers to settle for half of the balance. I do not own real estate, but have recently came into some money, not a lot, but if I settle with the collection agencies, I was told that I should request they send me a paid in full as agreed letter first for the negotiated amount, and will help my credit score.
Is there proper way to do this that will eventually help my credit report??

pay em

I currently have $30,000.00 plus credit card debt and would like to settle and pay them off in the next month. I will have a lump sum to work with and am hoping they will accept 50 to 75 cents on the dollar. I have medical problems and work on commission only. Because of my health, not knowing how much longer I can work with my condition, I can't consolidate and make monthly payments. My plan would work best for all. I just need some advice on how to communicate best with the creditors.

As long as your credit card is significantly past due (6 months or more) and currently in collections then you should be able to settle your debt for less than what you actually owe. However, your credit report will reflect the debt as settled so it will warn future creditors that while you did make an attempt to pay the debt you didn't pay what you actually owed. This will hurt your credit score but over time you could repair your credit. However, if your account is currently not past due then the company will most likely refuse to settle the debt. The only reason companies offer to settle is because the account is already late and they are making a last ditch effort to get some of what they are owed.