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.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. 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. In Virginia, there is no deadline to file a response to a debt lawsuit. Discover how to reject a low initial offer for a personal injury settlement and learn how to better negotiate a fair offer with the insurance company. Understand your options when the insurance company makes a lowball injury settlement offer, and see a claimant's sample response letter. To dispute an invalid debt use this disputing debt sample letter.