This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. After receiving an acceptance confirmation, the original will must be mailed to the Clerk's Office.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. All open files from 2000 and forward are available at the Clerk's office. Fill in your contact details, account number and any extra information you want to include in the grey shaded areas. Get your free copy here! Please have your credit card ready (American Express, Visa or MasterCard). 1. Most debt settlement letters include: The date, name, and address of the credit card company. Use this template letter to make an initial debt settlement offer if the debt is still with the original creditor.