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.How To Draft a Persuasive Debt Settlement Letter. Use this letter to help you negotiate a full and final settlement offer with a creditor. IN WITNESS WHEREOF, the parties have signed, sealed and acknowledged this Agreement in duplicate originals, on the day and year first above written. Use this letter to help you negotiate a full and final settlement offer with your lender. This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Use this letter to help you negotiate a full and final settlement offer with a creditor. Defendants named in the Federal Lawsuit (as later defined in this Agreement): the Federal Highway Administration,. Turnpike and Wake County to "settle up" at the end of the fouryear period (December 31, 2023) based on actual expenditures.