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. Use this letter to help you negotiate a full and final settlement offer with a creditor. To do so, send a letter to the debt collector asking for an explanation in writing. Unlock expert strategies for efficient debt settlement letter data extraction. Elevate your skills with top techniques and tools in our guide. Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution.