How to write a debt settlement proposal letterĭebt settlement is something many people consider if they are able to offer a lump sum of money up front – usually less than the total amount owed – in the hope the creditor will agree to this and accept the debt as settled.ĭoing this means your debt can be removed earlier and that you will no longer need to worry about making repayments.īelow are details on how to write a debt settlement proposal letter, which should include everything you need: What to consider when writing a debt settlement proposal letter
