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.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Use this letter to help you negotiate a full and final settlement offer with a creditor. Use this letter to help you negotiate a full and final settlement offer with your lender. Credit Card Settlement and Negotiation Lawyers and Credit Card Relief and Reduction Attorneys for Suffolk and Nassau Counties, Long Island, New York. Free sample letters for writing to creditors. Write a letter of authority, cancel a continuous payment, or tell a creditor a debt is statute barred. The Notice of Petition tell you the date, time and place. (courtroom or Part) when you have to come to court.