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. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. Call and say "I'd like to settle this debit for _____. 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. Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now.