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 sample lump sum settlement offer is on page 6. Download this free sample of the debt settlement agreement template and know how to confirm the verbal debt settlement agreement in writing. This program will help you write a letter that formally requests the money you are owed. This is called a Demand Letter. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. For completed examples of some legal forms, see our Self Help Form and Sample Packets page. Handwritten forms are hard to read. Student loan debt relief companies might say they will lower your monthly payment or get your loans forgiven, but they can leave you worse off.