You and the plaintiff could draft a new contract describing your agreement for making payments and then dismiss the case. To quickly search for a notice or letter on this page, you can press Ctrl-F in most browsers and type in the number or name, then press Enter.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Fill in your contact details, account number and any extra information you want to include in the grey shaded areas. Download this free sample of the debt settlement agreement template and know how to confirm the verbal debt settlement agreement in writing. A debt buyer that receives payment on a debt shall provide, within 30 calendar days, a receipt or monthly statement, to the debtor. A debt settlement letter is a written proposal for you to offer a specific amount of money in exchange for the forgiveness of your debt. How do I go about this? Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution. You'll want to ask for written confirmation of the agreement before sending payment, as well as verification that it's been received once sent.