Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now.Use this letter template to make a debt settlement offer to creditors. For more on this topic, see our guidance on negotiating a debt settlement with creditors. This is a template letter to your creditors requesting that they forgive your debt and write it off for compassionate reasons. A debt settlement letter is all you need to negotiate debts with your creditors. It asks you to pay a certain settlement amount to the collection agency. Debt Settlement Letter Paid in Full. Warren Edward Buffett is an American investor and philanthropist who currently serves as the chairman and CEO of Berkshire Hathaway. Once a password reset link is sent via email it requires receiving a text message for verification.