This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Use this letter to help you negotiate a full and final settlement offer with your lender.Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. The letter addresses why you are unable to pay the debt, how much you're willing to pay now, and what you would like from the creditors in return. Free Sample Debt Settlement Offer Letter. Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors. Fill it out and deliver the notice. I really appreciate your company's willingness to amicably work out a settlement on my account. Forms The Superior Court of Orange County offers several options to assist the public in completing court forms: We can provide you with samples of court forms that are available.