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.This program will help you write a letter that formally requests the money you are owed. This is called a Demand Letter. Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution. When drafting a debt settlement letter, you'll want to include basic information, including your name and account number. The law protects you from abusive, unfair, or deceptive debt collection practices. Here is information about some common debt collection issues. Download this free sample of the debt settlement agreement template and know how to confirm the verbal debt settlement agreement in writing. The plaintiff will report to the.