The Consumer Financial Protection Bureau offers sample letters the debtor can use to dispute a debt. Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors.Review multiple versions with different use cases depending on your needs. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. A pay for delete letter is a negotiation tool to have negative information removed from your credit report. Beehive Advocates will negotiate with your creditors to establish a debt settlement agreement that may enable you to pay a mere fraction of your debt. A debt settlement plan could help you reduce how much you owe toward different consumer debts. This letter should explain how much you're offering toward the debt and why you can't afford to pay in full. Beehive Advocates will negotiate with your creditors to establish a debt settlement agreement that may enable you to pay a mere fraction of your debt. Although your monthly payments will be reduced, you usually need to make an immediate lump sum payment to complete the settlement.