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.Here's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. To dispute an invalid debt use this disputing debt sample letter. If you've fallen behind on your bills, especially credit cards, don't panic. Download a free pdf version of sample letters to dispute with credit bureaus and negotiate a payment plan with creditors. You can use the following Cease and Desist letter to debt collectors as a template. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. A good debt settlement letter should be concise, thorough, and convincing enough to get a creditor to agree to your terms. The first thing you need to do if and when you get sued is file an Answer.