To fill out this letter, clearly write your name and address at the top. Include the date and the collection agency's name and address.A pay for delete letter is a negotiation tool to have negative information removed from your credit report. Learn how to write an effective collection dispute letter with our guide and templates. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. 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. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. Request to begin debt settlement negotiations.