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.I am proposing a settlement of 30 percent of the total amount owed as payment in full for this debt to your company, as well as the other two listed above. Use this letter to help you negotiate a full and final settlement offer with your lender. This program will help you write a letter that formally requests the money you are owed. This is called a Demand Letter. Use this letter to help you negotiate a full and final settlement offer with a creditor. County of Santa Clara, California, known as Town Park Towers (the "Project"); and. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget. For completed examples of some legal forms, see our Self Help Form and Sample Packets page.