You may be eager to know if you, the creditor, approve or decline the proposal. Adding a response date in the letter helps get a faster reply.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Download a free pdf version of sample letters to dispute with credit bureaus and negotiate a payment plan with creditors. Crafting a debt settlement letter properly can help you get your creditors to accept your proposal. Learn how to write correctly one now. A good debt settlement letter should be concise, thorough, and convincing enough to get a creditor to agree to your terms. 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. Want to settle your debt?