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?A good debt settlement letter should be concise, thorough, and convincing enough to get a creditor to agree to your terms. 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 debt settlement offer letter is a letter you or your attorney sends to a creditor or debt collector or the creditor sends you an offer letter. I've been summons to go to court for an AMEX past due credit card debt in California. Can I negotiate a settlement? Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now.