This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Send simple payment settlement letter sample via email, link, or fax.You can also download it, export it or print it out. I am writing about the money which you are claiming I owe on the above account. I can confirm that I am unable to offer to pay in full what I owe. Here is a quick template for those looking to send a settlement offer to a collection agency or Pay for Delete. You can also skip informal settlement negotiations and send the demand letter before filing an action. Payoff of first mortgage loan. 103. Settlement charges to borrower (line 1400). 403. 108. Assessments. 408. Assessments. 205. 505. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.