Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain.Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. This article will make the process of responding to a debt lawsuit a little bit easier and tell you how to answer a summons for debt collection in Texas. Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution.