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's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. Below, we've created an example of a debt settlement proposal letter that you can use as a guide. To make a debt settlement agreement, you should identify your debt owner, negotiate a settlement, and formalize the agreement in writing with all details. Use this letter to help you negotiate a full and final settlement offer with your lender. Financial institution can call the U.S. Treasury Electronic Payment Solution Center (EPSC) at. Welcome to Washington State Courts.