This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. 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 will make the process of responding to a debt lawsuit a little bit easier and tell you how to answer a summons for debt collection in Florida. 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. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. State your offer to resolve your debt. •.