This letter is in reference to the account number identified above and its outstanding debt. Below, we've created an example of a debt settlement proposal letter that you can use as a guide.Your letter can be sent via your preferred contact method. A debt validation letter is a document you send to a collector to verify a debt. Send this letter as soon as you can -- if at all possible, within 30 days of when a debt collector contacts you the first time about a debt. This form is a template for an answer to a summons and complaint from a creditor. This form can be used statewide. Use this letter to help you negotiate a full and final settlement offer with a creditor. Three steps to settle a debt in Ohio. This template serves as a formal request for the removal of the debt upon successful payment.