This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Want to settle your debt?I am writing to notify you that under the Fair Debt Collection Practices Act, I am requesting that you to cease all communications with me. I'm writing this letter to address the debt owed on the account number indicated above. 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. Up to provide debt service payments through 2014. This is an example of a letter notifying a producer of damaged or destroyed cotton loan collateral. The Government Finance Officers Association of the United States and. Canada (GFOA) presented a Distinguished Budget Award to the City of.