You can use the following Cease and Desist letter to debt collectors as a template. Always reject a settlement offer in writing.Type a letter to your contact at the insurance company listing the reasons you think that their offer is too low. We will reject your Offer in Compromise Request if the infor- mation is incomplete or you have not provided all the required documentation. A pay for delete letter is a negotiation tool to have negative information removed from your credit report. Request to begin debt settlement negotiations. If the collection agency or creditor rejects your offer, don't lose hope. If you reject a settlement offer, or fail to keep up with a payment arrangement, your creditor might take you to court. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. If the debt is not deleted, you may have the right to sue the credit reporting agencies and debt buyers.