If your lender agrees to settle a debt for less than you owe, you'll need a written agreement of the terms. When drafting a debt settlement letter, you'll want to include basic information, including your name and account number.I rcvd a debt summons. I need an answer letter and settlement letter for the court. SoloSuit's Answer form makes it easy to draft and file a response to your Florida debt lawsuit. Debt Settlement Letter Templates. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain.