Describe any past settlement discussions between you and the other side. Read our Mutual Release and Settlement Agreement template to understand our law firm's procedure in most settlements.Below, we've created an example of a debt settlement proposal letter that you can use as a guide. Your letter can be sent via your preferred contact method. Include all necessary documentation. Be concise, but include everything that is necessary, including full documentation of your injuries and lost earnings. A debt settlement letter should include the date, your name and contact information, the creditor's name and contact information, the total amount of the debt, A sample confirming letter is shown below. You can follow this format for almost any important (or seemingly important) piece of information. For completed examples of some legal forms, see our Self Help Form and Sample Packets page.