Here's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. 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. You can use the following Cease and Desist letter to debt collectors as a template. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now.