This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. You may be eager to know if you, the creditor, approve or decline the proposal.Adding a response date in the letter helps get a faster reply. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. 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. Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now. See a sample Answer Form for Consumer Credit Transaction.