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.Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. A debt settlement letter should include the date, your name and contact information, the creditor's name and contact information, the total amount of the debt, A debt settlement letter is a tool to negotiate with your creditors and settle your debt at a lump sum payment you're comfortable making. Never complete a debt settlement program. Learn about using a small estate affidavit probate procedure in this article. Whoever figures it out gets to crush it.