This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. A debt settlement letter should include the date, your name and contact information, the creditor's name and contact information, the total amount of the debt,Below, we've created an example of a debt settlement proposal letter that you can use as a guide. Your letter can be sent via your preferred contact method. Use this letter to help you negotiate a full and final settlement offer with your lender. Thank you for downloading! This form is furnished to give you a statement of actual settlement costs. Michigan Free Debt Validation Letter. Use our debt validation letter to request the validity of a debt. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.