This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. When a debt collector is asking you to pay money, you're entitled to ask for details.Make it clear to the creditor that you intend to pay the debt. •. Explain that you are unable to pay the debt due to (detail your hardship). A debt validation letter is a written communication that a consumer sends to a debt collector or creditor to request verification and validation of a debt. The party owed should include language that motivates the debtor to make payment. This guide provides information for insurance agents to help their customers obtain a Pennsylvania Debt Settlement Company Bond. Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution. Debt settlement in Pennsylvania involves offering to pay a creditor or debt collector collector a lump sum percentage of the outstanding debt. LICENSE FEES Fees collected through NMLS are NOT REFUNDABLE OR TRANSFERABLE.