Your debt settlement proposal letter must be formal and clearly state your intentions and what you expect from your creditors. Write down the time and date of the call, who you spoke to, and what you discussed.Use this letter to help you negotiate a full and final settlement offer with a creditor. I am writing about the money which you are claiming I owe on the above account. I can confirm that I am unable to offer to pay in full what I owe. What things should be included in the Full and Final Settlement Letter? Master Today's Market in the Wake of the NAR Commission Lawsuit. Under the new model, institutions may pay studentathletes directly for their NIL rights. As full payment and satisfaction of the Present Debt. Specify that the proposed payment will work as a complete settlement for the entire debt.