

I can instead offer the total amount of £ as a full and final settlement. I am unable to repay this amount in full due to I am writing to you regarding the money you are claiming payment for, on the above account. Simply copy and paste this into a Word document and fill out the blank sections or tailor it to suit your needs:Īccount Number: To help, we have created an example of a debt settlement proposal letter below that you can use as a guide. Debt settlement proposal letter templateįor many of us, writing a letter can feel very strange in this digital age – especially when it’s such an important one.


When proposing a full and final debt settlement to creditors, it’s important you go about this in the right way. 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
