This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors.This article explains what demand letters are, when they are useful, and how to write them. What should I include in a debt settlement letter? Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. This is a type of offer where you ask the creditor to accept part of the amount you owe and write off the rest. You may owe a debt, but you still have rights. And debt collectors have to obey the law. San Antonio, City of, Texas. 5975.