You may be eager to know if you, the creditor, approve or decline the proposal. Adding a response date in the letter helps get a faster reply.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. You have 30 days to respond to a debt lawsuit in California. Use this letter to help you negotiate a full and final settlement offer with a creditor. Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors. Residents are entitled to reject transfer offers for the "good cause" reasons listed in the ACOP. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. DATE.