The first step in a debt settlement negotiation with a bank, credit card company, or collection agency is to confirm the debt belongs to you. An Offer in Compromise is the settlement of a tax liability for less than full payment.The Tax Commission will only accept an Offer in. If you reject a settlement offer, or fail to keep up with a payment arrangement, your creditor might take you to court. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. A pay for delete letter is a negotiation tool to have negative information removed from your credit report. Here's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. 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.