Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. 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.If you reject a settlement offer, or fail to keep up with a payment arrangement, your creditor might take you to court. 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. Here's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. Download a free pdf version of sample letters to dispute with credit bureaus and negotiate a payment plan with creditors.