This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Download this free sample of the debt settlement agreement template and know how to confirm the verbal debt settlement agreement in writing.Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. A debt settlement letter should include the date, your name and contact information, the creditor's name and contact information, the total amount of the debt, You can find several excellent templates for debt settlement agreement letters available for free online. A debt settlement letter is all you need to negotiate debts with your creditors. It asks you to pay a certain settlement amount to the collection agency. Crafting a debt settlement letter properly can help you get your creditors to accept your proposal.