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.Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. Here's a sample pay for delete letter you can use to request a creditor remove an account from your credit report in exchange for payment. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. If you decide to reject the settlement offer, you'll need to do so in writing. To dispute an invalid debt use this disputing debt sample letter. If you've fallen behind on your bills, especially credit cards, don't panic.