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.Debt Settlement Letter Templates. This article will make the process of responding to a debt lawsuit a little bit easier and tell you how to answer a summons for debt collection in Florida. Want to settle your debt? When writing the letter, explain your current financial situation and how much you're willing to pay given your current resources. 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. A good debt settlement letter should be concise, thorough, and convincing enough to get a creditor to agree to your terms. This Agreement will then be filed as part of.