A pay for delete letter is a negotiation tool to have negative information removed from your credit report. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete.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. 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. CCU can be reached at any of the contacts below, Monday-Friday from am-pm. Phone: 602-506-0073. Want to settle your debt?