If you click on exchange for credits it will melt and you should receive $170 credits. You will have the option to re-buy 6 month insurance Cutlass Blue with baton and restraint system only. You can either buy it back in your hangar (buy back pledges) with new cash or use credits if you...
There should be a small arrow in your hangar description. Click on that, that should give you the options, to exchange (melt) for credits.
To be safe, give us a screen shot of package, because there are a few packages you never want to melt.