This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Download Minnesota Debt Validation Letter template, modify and send for signing using BoloForms Signature.If the judgment debtor only made a partial payment, you will fill out the section called "Partial Satisfaction. An agreement between an employee or an employee's dependent and the employer or insurer to settle any claim for compensation under this chapter is valid Submission of Company Form (MU1): Complete and submit the Company. Use our free payment plan agreement form to spell out all the terms and conditions of a loan if you need to establish a payment schedule with someone. Your full name used on the account; Your full address; Any account numbers or reference numbers that are linked to your account. If you send this letter, the collection agency must stop trying to collect it until they send you proof of the debt. Sometimes a creditor will allow you to make a payment plan for your remaining debt. Tell your creditors what's going on, and try to work out a new payment plan with lower payments you can manage.