You can use the following Cease and Desist letter to debt collectors as a template. I can't afford your offer right now, so I'm going to contact them and see if they can settle for what I have.How to use this sample letter: 1. Read the background below. 2. What Happens if I Reject a Settlement Offer? Want to settle your debt? You may be eager to know if you, the creditor, approve or decline the proposal. Adding a response date in the letter helps get a faster reply. I am writing in response to your letter or phone call dated . I do not believe that I owe this debt or what you say I owe.