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. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. In the end if there is no negotiated settlement, you go to trial and a judge or jury will tell you what your case is worth. You have 30 days to respond to a debt lawsuit in California. If you want to see if you qualify for an offer in compromise before filling out the paperwork, you may use the Offer in Compromise (OIC) Pre-Qualifier tool. This report seeks to provide a comprehensive overview of the impact of COVID-19 across the immigration system in the United States.